Trend reversal?
Updated
Weekly
- downtrend
- price at 61.8 of previous swing
- and at 50 of 2nd swing
Daily
- Divergence from RSi
- Not broken out of ascending RSI trend line
4hr
- RSI divergence
1hr
- RSI is in sell ranges now.
- Price broken out of trend line. Numerous rejection wicks
15mins
- Clearer
- price is making lower Highs all the time
- rejected and respected broken trend line
- indecision dojis forming
- like to see price break lower pink trend line and close around 0.64810
Summary
Bearish trade by using 15 minute time frame for entry after waiting for break of pink line.
- downtrend
- price at 61.8 of previous swing
- and at 50 of 2nd swing
Daily
- Divergence from RSi
- Not broken out of ascending RSI trend line
4hr
- RSI divergence
1hr
- RSI is in sell ranges now.
- Price broken out of trend line. Numerous rejection wicks
15mins
- Clearer
- price is making lower Highs all the time
- rejected and respected broken trend line
- indecision dojis forming
- like to see price break lower pink trend line and close around 0.64810
Summary
Bearish trade by using 15 minute time frame for entry after waiting for break of pink line.
Note
Initial plan was not successful. Will monitor for further actions
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