D1 - Price is near the top of the bullish channel now.
H4 - Potential bearish divergence, we may expect one more push higher with the price reaching the critical zone and the bearish divergence to complete itself.
We may then look for evidences of bearish pressure and start looking for sells.
Invalidation: If the price moves higher, breaks and holds above the daily bullish channel then this setup is invalidated (false breaks can be neglected).
H4 - Potential bearish divergence, we may expect one more push higher with the price reaching the critical zone and the bearish divergence to complete itself.
We may then look for evidences of bearish pressure and start looking for sells.
Invalidation: If the price moves higher, breaks and holds above the daily bullish channel then this setup is invalidated (false breaks can be neglected).
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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.