So price is in a downtrend making lower lows but my stochastic is making higher highs. Classic pattern for a reversal, I did put a sell signal out on this trade on Friday but just spotted this and now stuck what to do😅.
My thinking is if price does break my major resistance line I may look for sells as this divergence is suggesting a reversal.
Appreciate it if anyone can comment there thoughts on this. 👍🏻
My thinking is if price does break my major resistance line I may look for sells as this divergence is suggesting a reversal.
Appreciate it if anyone can comment there thoughts on this. 👍🏻
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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.