The chart says it all -
1. A strong trendline
2. Bearish price action at the trendline resistance
3. The moving average set pointing doing, and acting as resistance
4. The overbought 3 period RSI dipping below its 4 period EMA, as it moves down from overbought
1. A strong trendline
2. Bearish price action at the trendline resistance
3. The moving average set pointing doing, and acting as resistance
4. The overbought 3 period RSI dipping below its 4 period EMA, as it moves down from overbought
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.