- Price is at a Daily resistance zone
- price is very overbought on larger timeframes via RSI
- on the smaller time frame, a head and shoulders pattern is forming which is an indication of a reversal
- currently waiting for price to complete head and shoulders while simultaneously breaking the bullish trend on the smaller timeframe
- price is very overbought on larger timeframes via RSI
- on the smaller time frame, a head and shoulders pattern is forming which is an indication of a reversal
- currently waiting for price to complete head and shoulders while simultaneously breaking the bullish trend on the smaller timeframe
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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.