Price has recently broke through the bottom of a diagonal up trend channel on the 4 hour chart. Price is also at a convergence with the 4 hr and 1Day time frame that signal a continuation of the down trend. After the 4hr trend line was broken, price retraced back to the uptrend line, consolidated and is showing signs of a continuation on the new down trend on the 4hr and 1 day time frame. Leading me to believe price will remain bearish today.
Set stops above 4hr diagonal trend line and let Profits run.
Set stops above 4hr diagonal trend line and let Profits run.
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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.