Morning,
I was a bit gun shy this morning for that trade - there was no rejection of resistance and it kept going, luckily without confirmation I never entered. However we are now seeing the start of a potential confirmation to retest down to previous support.
Hourly:
Oversold RSI with two tops forming.
Volume is starting to dip and has rejected higher volume profile.
Momentum is starting to top out just waiting to see if it wavers downwards.
Just waiting on that candle to close lower on the hourly and will continue following if our RSI crosses the EMA point.
I know being patience sucks but its better than loosing money!
Enjoy
I was a bit gun shy this morning for that trade - there was no rejection of resistance and it kept going, luckily without confirmation I never entered. However we are now seeing the start of a potential confirmation to retest down to previous support.
Hourly:
Oversold RSI with two tops forming.
Volume is starting to dip and has rejected higher volume profile.
Momentum is starting to top out just waiting to see if it wavers downwards.
Just waiting on that candle to close lower on the hourly and will continue following if our RSI crosses the EMA point.
I know being patience sucks but its better than loosing money!
Enjoy
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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.