A bearish RSI divergence appeared on four hourly time frame, and now seems to be playing out as well. First lower low is printed after the successful break of previous higher low, if bearish momentum continues, we can expect a bearish rally asper Dow theory. Targets are mentioned on the chart.
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.