GPW Budimex, long after a pull backPrice action (top chart):
The chart shows higher highs, indicated by the upward red arrows and pink trendline across the candle peaks.
RSI indicator (bottom chart):
The RSI (Relative Strength Index) shows lower highs, marked by a descending pink trendline.
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This pattern is called a bearish divergence, where this can sometimes signal a potential reversal or slowdown in the uptrend.
Besides we are nearing the 660-670 which seems an important price resistance where you can see the selling.
I would like to see the M pattern to close somewhere around the bottom green line, which is a trendline from the Lows.
you can not see the EMA 33 (cause i can have only 2 at a time), but i will be buying first around 580-600, then averaging at the bottom trendline.
If it does not cross the 600 level, the setup is invalid
