We can see the the 2 highs/Tops had signaled a divergence, hence now trend is in favour of the bears.
We can see a nice structure broken through and then re-tested, forming a bearish flag pattern.
We can also see that bigger bearish candles are formed every time its rejected at the fresh resistance level(Good bearish pressure).
A break-out to the downside would confirm the trade.
Targeting the next low.
We can see a nice structure broken through and then re-tested, forming a bearish flag pattern.
We can also see that bigger bearish candles are formed every time its rejected at the fresh resistance level(Good bearish pressure).
A break-out to the downside would confirm the trade.
Targeting the next low.
Trade closed: stop reached
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.
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.