Updated
S&P 500 bearish divergence
- A bearish divergence has formed om the 4 hour chart lining up with the trend line of the descending channel
- Price is currently on the 200MA of the hour and also about to hit the trendline
- There maybe a possible false breakout to the upside but i am expecting this analysis to hold and to enter a sell position
- Price over sold on the 15min and on the hour chart. Waiting for the close of one more 4 hour candle
- Price is currently on the 200MA of the hour and also about to hit the trendline
- There maybe a possible false breakout to the upside but i am expecting this analysis to hold and to enter a sell position
- Price over sold on the 15min and on the hour chart. Waiting for the close of one more 4 hour candle
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.