Blue arrow = Double top
Red arrow = negative divergence
Green arrow = bounce from RSI
Things are starting to look dangerous here. We might get a bounce up to the descending RSI, but overall it is looking fragile. Won't short it until it breaks to the downside of the red horizontal channel
Red arrow = negative divergence
Green arrow = bounce from RSI
Things are starting to look dangerous here. We might get a bounce up to the descending RSI, but overall it is looking fragile. Won't short it until it breaks to the downside of the red horizontal channel
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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.