Weekly Support ➝ Resistance Flip:
Price has broken the strong weekly support zone, now acting as new resistance.
After a pullback to this zone, we expect a trend reversal (bullish to bearish).
Range Formation + RSI Divergence:
Price is consolidating in a range with clear RSI divergence (showing weakening momentum).
This screams "Potential Downtrend Coming!"
Trade Plan:
Trigger: Break below the range support zone
Entry: Use your preferred short setup (I’ve marked my personal entry on the chart)
Stop Loss: Above the pullback high or recent swing high.
Target: Next support level
Price has broken the strong weekly support zone, now acting as new resistance.
After a pullback to this zone, we expect a trend reversal (bullish to bearish).
Range Formation + RSI Divergence:
Price is consolidating in a range with clear RSI divergence (showing weakening momentum).
This screams "Potential Downtrend Coming!"
Trade Plan:
Trigger: Break below the range support zone
Entry: Use your preferred short setup (I’ve marked my personal entry on the chart)
Stop Loss: Above the pullback high or recent swing high.
Target: Next support level
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.
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.