Last week the price broke the ascendant trend and now it is testing it. We can see a hidden divergence on MACD between the last 2 highs and a normal divergence on a smaller tf. If the price gets rejected at the 61.8 fibbo line, we can start considering an aggressive short. We can also wait for the price to break the actual ascendant trend. The first target should be at the 23.6 fibbo line.
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.