Complete pattern then go bullish
Updated
Daily
- RSI has overbought divergence
- RSI trend broken out of ascending TL
- Rejection wick close to 78.6
- New bar already bearish.
4hr
- RSI making lower lows.
- Price clearly broken out of trend line.
1hr
- Again, brooke and close from TL
- RSI downward trend not at over sold region
Summary
Bearish trade until completion of pattern
- RSI has overbought divergence
- RSI trend broken out of ascending TL
- Rejection wick close to 78.6
- New bar already bearish.
4hr
- RSI making lower lows.
- Price clearly broken out of trend line.
1hr
- Again, brooke and close from TL
- RSI downward trend not at over sold region
Summary
Bearish trade until completion of pattern
Note
Trade review - Price broke out and closed.
- maybe retrace before pressing down again.
Note
The beauty with catching harmonic patterns early is the fact you can benefit twice, a sell then the buy!
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