Updated
Expect a distribution and mark down here ...
As you can see rsi rejected to touch over bought here, but something is here you didn't see ...
Hidden bullish divergence ...
Rsi needs to confirm the support line, so it has to do a little mark down, after that it will there for a while and mark up will start again.
So I recommend you to wait for a while, when you see a touch on 68 area and rsi touched the line, you can enter long to 71 and 72.
But if you see a break down on rsi line and the bottom line of triangle ... it means the long idea has rejected.
So keep your eyes open here ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe and GOOD LUCK.
Hidden bullish divergence ...
Rsi needs to confirm the support line, so it has to do a little mark down, after that it will there for a while and mark up will start again.
So I recommend you to wait for a while, when you see a touch on 68 area and rsi touched the line, you can enter long to 71 and 72.
But if you see a break down on rsi line and the bottom line of triangle ... it means the long idea has rejected.
So keep your eyes open here ...
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe and GOOD LUCK.
Trade closed: target reached
68 didn't touch, 71 touched and 72 is still possible, rsi didn't touch over bought yet and bullish divergence is still active.Note
72 touched.
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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.
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.