- RSI shows bearish divergence on the price peaks
- OBV show bearish divergence; in this last leg up the OBV has been declining.
- Price was starting to form a bearish wedge but fell out quickly, bounced from 100 SMA.
Using Fib extension of 1.618 of an "ABC" pattern to project target, forming a double bottom from the most recent major correction. Duration of C leg is not to scale.
Trade active
Short entered at 81.88Trade closed: stop reached
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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.