So ....
1.we have a strong trend line acting as RES
2.we had a fake break out
3. price has dropeed after the retest of trendline
4.bearish engulfing on previous 4hr candle
5.daily candle is a bearish hammer
1.we have a strong trend line acting as RES
2.we had a fake break out
3. price has dropeed after the retest of trendline
4.bearish engulfing on previous 4hr candle
5.daily candle is a bearish hammer
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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.