False breakout due to FOMC news by the United States
Bolinger bands on 1hr and 4hr chart are over-extended as well as an overbought RSI reading
Day traders should want to lock in profit soon and set the downtrend in motion
Bolinger bands on 1hr and 4hr chart are over-extended as well as an overbought RSI reading
Day traders should want to lock in profit soon and set the downtrend in motion
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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.
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.