Following are the factors contributes to the Bearish Trend:
1. Series of Lower Highs and Lower Lows
2. No Divergence on RSI
3. Support is near TP 2 so high probability of TP1
4. Bouncing from Fib 0.618 and Trendline
Overall Bearish till TP1 but TP 2 is risky
1. Series of Lower Highs and Lower Lows
2. No Divergence on RSI
3. Support is near TP 2 so high probability of TP1
4. Bouncing from Fib 0.618 and Trendline
Overall Bearish till TP1 but TP 2 is risky
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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.
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.