We have the following confluences:
1. Prce at a key level of resistance
2. big bearish engulfing candle
3. Divergence on the 15min timeframe
4. Moving average crossover on the lower timeframe.
5. Break and retest of structure on the 5min timeframe (support now acting as resistance
1. Prce at a key level of resistance
2. big bearish engulfing candle
3. Divergence on the 15min timeframe
4. Moving average crossover on the lower timeframe.
5. Break and retest of structure on the 5min timeframe (support now acting as resistance
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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.