Be careful of Drop bears in Australia
Güncellendi
There are multiple sign of a bearish movement that include :
- ABCD bearish pattern
- Closing Below a Resistance Level
- Hitting the Top of the channel
- RSI and Price Divergence
While I will have to see what the price open at on monday to make a proper entry I'm going to aim for a 2/1.
Entering around the middle of the channel which should line up with the 0.38 fibo retracement of the latest move and a smaller support level.
Will update Idea further
- ABCD bearish pattern
- Closing Below a Resistance Level
- Hitting the Top of the channel
- RSI and Price Divergence
While I will have to see what the price open at on monday to make a proper entry I'm going to aim for a 2/1.
Entering around the middle of the channel which should line up with the 0.38 fibo retracement of the latest move and a smaller support level.
Will update Idea further
Not
+1 bearish signThe latest top candle was an upside down hammer showing the strength of sellers
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.