Hey guys,
here as you can see on the left we've just completed a Bat formation, and also, price is in overbought condition. These two elements, along with the structure, make me think it could be the starting point of a reversal.
As of now, on the hourly chart, price is creating a double top with RSI divergence. Let's see how the current candle close in order to decide whether to enter or not.
I'll let you know.
If you have questions, or if you want to share your view, feel free to comment beneath.
Otherwise, see you in the next chart!
here as you can see on the left we've just completed a Bat formation, and also, price is in overbought condition. These two elements, along with the structure, make me think it could be the starting point of a reversal.
As of now, on the hourly chart, price is creating a double top with RSI divergence. Let's see how the current candle close in order to decide whether to enter or not.
I'll let you know.
If you have questions, or if you want to share your view, feel free to comment beneath.
Otherwise, see you in the next chart!
Trade active
Trade closed: stop reached
Trade active
Another shot:Trade closed: target reached
First target hit!Stops at breakeven.
Note
Out at breakeven.
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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.
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.