ANALYSIS :-
Price has been consistently forming Higher Highs (HHs) and Higher Lows (HLs), indicating a bullish trend. However, bearish divergence has appeared on the RSI on the 4H timeframe. Following the bearish divergence, price failed to print another Higher High, indicating a potential loss of bullish momentum and price went on a distribution phase.
Subsequently, a bearish Descending Triangle pattern has formed, further supporting the possibility of a bearish reversal or continuation to the downside.
TRADE EXECUTION :-
The trade will be executed upon a confirmed breakdown below the Descending Triangle's support/breakdown level.
Price has been consistently forming Higher Highs (HHs) and Higher Lows (HLs), indicating a bullish trend. However, bearish divergence has appeared on the RSI on the 4H timeframe. Following the bearish divergence, price failed to print another Higher High, indicating a potential loss of bullish momentum and price went on a distribution phase.
Subsequently, a bearish Descending Triangle pattern has formed, further supporting the possibility of a bearish reversal or continuation to the downside.
TRADE EXECUTION :-
The trade will be executed upon a confirmed breakdown below the Descending Triangle's support/breakdown level.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.