So the previous scalp worked out even better! Great!
But what comes next?
Although in a seemingly uptrend, the bearish divergences are piling up on various tf.
The fact that it wasn't able to break 6820 speaks volumes since 6840 was the resistance to break in order to avoid a bearish divergence on the larger timeframes.
From here on if this does not manage to break that level by the daily candle close we can expect to come crashing back down. For larger swing trade I would advice to wait for the daily close.
This is not financial advice, just my thoughts and ideas.
But what comes next?
Although in a seemingly uptrend, the bearish divergences are piling up on various tf.
The fact that it wasn't able to break 6820 speaks volumes since 6840 was the resistance to break in order to avoid a bearish divergence on the larger timeframes.
From here on if this does not manage to break that level by the daily candle close we can expect to come crashing back down. For larger swing trade I would advice to wait for the daily close.
This is not financial advice, just my thoughts and ideas.
Note
Here on the 4H timeframeNote
On the 12H tfNote
On the daily tf
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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.
Related publications
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.