XLNX Bearish divergence on Weekly and Daily
Updated
Weekly:
There is a bearish divergence on MACD-H and EFI. Currently a new top is forming but it has less power then its previous top. There is an ATR channel divergence as well, as on EFI
Daily:
There is a bearish divergence on MACD-H and MACD lines, as well as an ATR channel divergence. Stochastic RSI turning down. Last candle tried to tick up but after this fb price closed back in the VZ. The average pullbacks on this TF. Price currently a bit below +1 ATR. I expect this trend to pullback on this TF and possibly also the divergence on the weekkly will play out.
Entry: 155.24
SL:161.3
Exit: 140.3
There is a bearish divergence on MACD-H and EFI. Currently a new top is forming but it has less power then its previous top. There is an ATR channel divergence as well, as on EFI
Daily:
There is a bearish divergence on MACD-H and MACD lines, as well as an ATR channel divergence. Stochastic RSI turning down. Last candle tried to tick up but after this fb price closed back in the VZ. The average pullbacks on this TF. Price currently a bit below +1 ATR. I expect this trend to pullback on this TF and possibly also the divergence on the weekkly will play out.
Entry: 155.24
SL:161.3
Exit: 140.3
Trade closed manually
Top of target zone reached, closed with a minor gain when it ticked up, target not reached
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