Reasons for Potential Reversal:
1-Bearish Divergence:
Clear bearish divergence is forming between price and RSI
2-Market Sentiment:
Approximately 94% of traders are currently holding sell positions
3-Break of Last HL:
Wait for a clear break of the most recent Higher Low (HL). This will confirm a shift from bullish to bearish and provide a safer sell entry point.
1-Bearish Divergence:
Clear bearish divergence is forming between price and RSI
2-Market Sentiment:
Approximately 94% of traders are currently holding sell positions
3-Break of Last HL:
Wait for a clear break of the most recent Higher Low (HL). This will confirm a shift from bullish to bearish and provide a safer sell entry point.
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.
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.