Traders,
This is a short signal on the channel.
Because C is he highest point hitting channel.
Rsi div on C too.
We would assume this is a reflection point on the channel and short it to another reflection point as first target.
If price drop down deeper to break the channel, you will glad that you have such great entry and should hold it till another ABC appear.
Otherwise, short it again when price retouch the channel.
Less is more!
This is a short signal on the channel.
Because C is he highest point hitting channel.
Rsi div on C too.
We would assume this is a reflection point on the channel and short it to another reflection point as first target.
If price drop down deeper to break the channel, you will glad that you have such great entry and should hold it till another ABC appear.
Otherwise, short it again when price retouch the channel.
Less is more!
Note
waiting for entry .Note
Note
RSI DIV alone the channel.Watch out!
Note
the reasons to short similar to GOLD.But dont try it without sl.
Note
this reflection point has a small 3-wave channel too .
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Join Free Telegram Group to get MORE trading skills: t.me/FuntraderVera
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.