Possible fractal
Hi fellow enthusiasts,
At this moment we are in a triangle after quite a drop and we see hidden bearish divergence on the 4hr RSI.
Looking back to beginning of august we were in a triangle after quite a drop and we saw hidden bearish divergence on the 4hr RSI...
Copying and pasting the bars pattern from there gives a very interesting result in my opinion: first support where also today support is to be found, and finally a target that lines up with the bottom of the huge falling wedge we are in.
I am currently short in a small position and will add more should we go a bit higher.
Once we would break 6530 I would re-evaluate, but at this moment short seems a lot better choice than long to me.
Happy trading,
C.J.
At this moment we are in a triangle after quite a drop and we see hidden bearish divergence on the 4hr RSI.
Looking back to beginning of august we were in a triangle after quite a drop and we saw hidden bearish divergence on the 4hr RSI...
Copying and pasting the bars pattern from there gives a very interesting result in my opinion: first support where also today support is to be found, and finally a target that lines up with the bottom of the huge falling wedge we are in.
I am currently short in a small position and will add more should we go a bit higher.
Once we would break 6530 I would re-evaluate, but at this moment short seems a lot better choice than long to me.
Happy trading,
C.J.
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.