We have trendline that connects highs and price is trending down. We also see resistance zone formation that price tested 3 times. On the 3rd
touch price also tested the trendline and formed bearish candlestick pattern. Stochastic indicator worked
well as it gave another confirmation so sell (red circle).
1. Downtrend
2. Trendline
3. Resistance
4. Bearish Candles
5. Stochastick Osc.
touch price also tested the trendline and formed bearish candlestick pattern. Stochastic indicator worked
well as it gave another confirmation so sell (red circle).
1. Downtrend
2. Trendline
3. Resistance
4. Bearish Candles
5. Stochastick Osc.
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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.
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.