Rising Flag has formed and the price has broken below the support of it.
This means, the supply side is taking control, where we can expect downside to come.
7>21 - Bullish
RSI<50 - Bearish
Price <200 bearish
Even though the signals are mixed, it seems that the Rising Flag gave the false sense of upside to come.
But a technical anlayst saw it was a pause in the current direction, before it continues down.
Target 95.19
This means, the supply side is taking control, where we can expect downside to come.
7>21 - Bullish
RSI<50 - Bearish
Price <200 bearish
Even though the signals are mixed, it seems that the Rising Flag gave the false sense of upside to come.
But a technical anlayst saw it was a pause in the current direction, before it continues down.
Target 95.19
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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.