On weekly timeframe, bearish Divergence formed.
However trend is still very bullish.
Thus will be waiting for a close back into the channel to trigger short,
Or to draw a new channel on a 1 or 4Hr timeframe to short upon breaking of trendline.
Might take 4-5 months to playout
A grade setup as it is on a weekly timeframe.
Clear and concise divergence
However trend is still very bullish.
Thus will be waiting for a close back into the channel to trigger short,
Or to draw a new channel on a 1 or 4Hr timeframe to short upon breaking of trendline.
Might take 4-5 months to playout
A grade setup as it is on a weekly timeframe.
Clear and concise divergence
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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.