Bearish Butterfly & Bat Potential reversal Zones
End of Rising Market- a narrow spread gapped up bar on Ultra High volume closing in middle or off the high having a strong bull run
AS the market is gapped up and approaching at previous resistance then this Showing its an even stronger sign of weakness.Market may rise up a little instead of falling immediately ,so im expecting price to touch zone before Reversal , as RSI ALREADY TURNING DOWN clear Weakness .so With RSI BELOW 70 Short must be on No Demand or Up-thrust after the End of Rising Market & stop loss at the previous resistance
Potential SELL
End of Rising Market- a narrow spread gapped up bar on Ultra High volume closing in middle or off the high having a strong bull run
AS the market is gapped up and approaching at previous resistance then this Showing its an even stronger sign of weakness.Market may rise up a little instead of falling immediately ,so im expecting price to touch zone before Reversal , as RSI ALREADY TURNING DOWN clear Weakness .so With RSI BELOW 70 Short must be on No Demand or Up-thrust after the End of Rising Market & stop loss at the previous resistance
Potential SELL
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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.