Bearish Divergence setup noted on D and 4H timeframe
However trend is still in a very bullish trend.
We can infer that the market is losing buying power, relatively to its previous move
Thus will be waiting for a confirmation break on the 21 EMA on
daily time frame for a short counter trend trade setup.
Clear and concise divergence
However trend is still in a very bullish trend.
We can infer that the market is losing buying power, relatively to its previous move
Thus will be waiting for a confirmation break on the 21 EMA on
daily time frame for a short counter trend trade setup.
Clear and concise divergence
Trade active
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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.