In this analysis i spot a regular bearish divergence on weekly timeframe
So there is 2 scenario
- This is a sign of weekly retracement
or
- This is a sign of a reversal into a bearish trend for the new trend change
So there is 2 scenario
- This is a sign of weekly retracement
or
- This is a sign of a reversal into a bearish trend for the new trend change
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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.