On D1, the cloud is directing downward, indicating a downtrend.
On H4, the price rises, which indicates the formation of a local price correction. In addition, the RSI reached the overbought level, which may indicate the end of the price correction.
We recommend selling now and placing a stop loss at 11200.
On H4, the price rises, which indicates the formation of a local price correction. In addition, the RSI reached the overbought level, which may indicate the end of the price correction.
We recommend selling now and placing a stop loss at 11200.
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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.
Related publications
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.