*Bearish divergence on the MACD and RSI.
*Till now every touch on the red line resulted in a big drop >> will this happen again?
*I'll be bullish if we break the red line and the first red box of resistance.
*For now I expect a further drop towards the black support line.
*Till now every touch on the red line resulted in a big drop >> will this happen again?
*I'll be bullish if we break the red line and the first red box of resistance.
*For now I expect a further drop towards the black support line.
Note
I expect a correction from this zone,where the first red box will be the new support.Note
I expect a healthy correction as explained in this chart.
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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.