Larger timeframes have massive bearish divergence, wedge forming, price has increased with decreasing volume...
Wait for the wedge to break upwards or downwards before longing/shorting. IMO I suspect it to break downwards.
Short timeframes have bullish div
Large timeframes have massive bear div
Wait for the wedge to break upwards or downwards before longing/shorting. IMO I suspect it to break downwards.
Short timeframes have bullish div
Large timeframes have massive bear div
Trade active
broke below wedge, taking profits from 7950-7800
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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.