Hello friends
The positive divergence of the RSI in the four-hour timeframe was issued to us, on the other hand, the white range ($4.942) played a supporting role in the correction process.
If the current trend is above the $5.30 range, the possibility of a bearish wedge pattern completion at the end of the downtrend is strengthened.
Provided that the red range ($4.864) is maintained, we can expect the formation of an upward trend similar to the drawn scenario.
What do you think?
The positive divergence of the RSI in the four-hour timeframe was issued to us, on the other hand, the white range ($4.942) played a supporting role in the correction process.
If the current trend is above the $5.30 range, the possibility of a bearish wedge pattern completion at the end of the downtrend is strengthened.
Provided that the red range ($4.864) is maintained, we can expect the formation of an upward trend similar to the drawn scenario.
What do you think?
Trade closed: stop reached