Crocs
I believe we are seeing the completion of the first wave. Watch for price to fill the gap made on May 11, 2021 before heading down to the demand zone. On the 4hour time frame we have identified a possible head and shoulder pattern to further back price becoming bearish, as well as the gap created on April 26, 2021 still has not been filled. The trendline angle is around 22 degrees which could indicate a buildup of momentum for the bears. The daily RSI is at 60. I would wait for the RSI to hit at least 70 to give us a over-bought signal prior to selling.
There is no such things as 100% wins. Always proceed with caution and conduct your own analysis.
*Not Financial advice*
There is no such things as 100% wins. Always proceed with caution and conduct your own analysis.
*Not Financial advice*
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.