Hello Dear friends
The price chart on the daily time is below a downward trend line and so far this trend line has been preserved.
The indicator from RSI has issued a negative divergence on the four-hour time frame.
And as we can see, the resistance areas are not fully consumed. But we lost support areas in almost every corrective move.
Currently, it seems that the possibility of forming a corrective trend is much higher and the possibility of breaking the downward trend line from this range with this movement momentum is very weak.
What do you think?
The price chart on the daily time is below a downward trend line and so far this trend line has been preserved.
The indicator from RSI has issued a negative divergence on the four-hour time frame.
And as we can see, the resistance areas are not fully consumed. But we lost support areas in almost every corrective move.
Currently, it seems that the possibility of forming a corrective trend is much higher and the possibility of breaking the downward trend line from this range with this movement momentum is very weak.
What do you think?
Trade closed: stop reached:
With very good momentum, the daily downward trend line broke