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!
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.
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.