Trade Logic:
- Weekly resistance: Price approaches the 30,770–30,800 resistance zone.
This is the area where sellers could potentially become active.
- RSI Bearish Divergence
Price is pushing toward/new highs while RSI is failing.
This indicates momentum is weakening relative to price.
Can Expect Reversal from here.
- Weekly resistance: Price approaches the 30,770–30,800 resistance zone.
This is the area where sellers could potentially become active.
- RSI Bearish Divergence
Price is pushing toward/new highs while RSI is failing.
This indicates momentum is weakening relative to price.
Can Expect Reversal from here.
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.