Sideway while RSI exits oversold territory
then watch 53.28 area for further direction,
if 53.28 resists then direction is towards 52,10 - last weeks support.
Stop 53.35
then watch 53.28 area for further direction,
if 53.28 resists then direction is towards 52,10 - last weeks support.
Stop 53.35
Note
if candle close below 52.78 confirm short and 52,1 target
Note
if you anyone followed this plan... consider closing position or moving your stop i still see 52.1 but RSI is oversold !!
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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.