My simple view for this counter. 3 drives formation found at sell zone which confluence with divergence using MACD.
Daily candle also show weakness - pattern hanging man.
Target sellers to push back price down until green zone before buy decision to be made.
Daily candle also show weakness - pattern hanging man.
Target sellers to push back price down until green zone before buy decision to be made.
Note
price move up until sell zone again and showing rejection. Possible double top hereNote
Price break sell zone. No trading active.
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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.