S&P500 crossed and closed a (4h) candle today under the MA50 (4h) for the first time since December 7th.
Even though that was a buy opportunity then, this time we expect strong selling as the two month Channel Up is on a very strong RSI (4h) Bearish Divergence.
Trading Plan:
1. Sell once the price crosses under the Channel Up.
Targets:
1. 4560 (MA50 1d and Support 2).
Tips:
1. The RSI (4h) is also almost oversold besides showing this Bearish Divergence. Once it gets oversold and bounces, it can give an ideal sell entry near the MA50 (4h).
Please like, follow and comment!!
Notes:
Past trading plan:
Even though that was a buy opportunity then, this time we expect strong selling as the two month Channel Up is on a very strong RSI (4h) Bearish Divergence.
Trading Plan:
1. Sell once the price crosses under the Channel Up.
Targets:
1. 4560 (MA50 1d and Support 2).
Tips:
1. The RSI (4h) is also almost oversold besides showing this Bearish Divergence. Once it gets oversold and bounces, it can give an ideal sell entry near the MA50 (4h).
Please like, follow and comment!!
Notes:
Past trading plan:
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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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.