On the 1H time frame,
> We can see that there is divergence at the resistance level
> RSI weakening - dying uptrend
On the 4H and Daily time frame:
> We can see that it is currently in the overbought region
> Spinning top reversal
> Major resistance level
When to enter?
Engulfing red candle 4H time frame
Approximate Short-
TP at next local S/R level
SL at the previous high
> We can see that there is divergence at the resistance level
> RSI weakening - dying uptrend
On the 4H and Daily time frame:
> We can see that it is currently in the overbought region
> Spinning top reversal
> Major resistance level
When to enter?
Engulfing red candle 4H time frame
Approximate Short-
TP at next local S/R level
SL at the previous high
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.