The 4 hour RSI is still under Bearish divergence. If the RSI breaks above the resistance lines then it is broken. Until then expect price to follow the divergence. How low and how long only time can tell. Possible double top forming with lower RSI is a definite sign of short term weakness. Be ready anything possible, you trade the confirmation.
*Patience is a virtue in life and is life in trading*- Dicky
*Patience is a virtue in life and is life in trading*- Dicky
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Related publications
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.