Market Structure: Invalidation of an uptrend
Area of Value: RSI Divergence
Entry: Bearish Candle confirming the divergence
Exit if Right: 3 Tranches on possible areas of support
Exit if Wrong: 1 ATR above recent swing high
RRR: 1:5
NOTE: RSI DIVERGENCE IS STRONG AS THERE ARE THREE SWINGS NOT SUPPORTED BY MOMENTUM BASED ON RSI
Area of Value: RSI Divergence
Entry: Bearish Candle confirming the divergence
Exit if Right: 3 Tranches on possible areas of support
Exit if Wrong: 1 ATR above recent swing high
RRR: 1:5
NOTE: RSI DIVERGENCE IS STRONG AS THERE ARE THREE SWINGS NOT SUPPORTED BY MOMENTUM BASED ON RSI
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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.