Something caught our attention on the weekly chart on $1211 BYD Company Limited on the HKEX. While the price is making higher high, we observed that the momentum is making a lower low forming a bearish momentum divergence.
As you can see from the chart, each thrust momentum is diminishing forming a rising wedge which is a bearish price action.
We foresee the momentum extinguish at the 3rd oscillation and eventually price will break down from the rising wedge into a bear cycle.
Attractive R:R if you were to ask me.
To achieve what others won't, you have to do what others don't“
As you can see from the chart, each thrust momentum is diminishing forming a rising wedge which is a bearish price action.
We foresee the momentum extinguish at the 3rd oscillation and eventually price will break down from the rising wedge into a bear cycle.
Attractive R:R if you were to ask me.
To achieve what others won't, you have to do what others don't“
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.