15m:
- Bearish divergence
- Strong resistance level
- No higher high
1h:
- MACD about to cross south
- RSI oversold, cross SMA south, not into neutrol zone yet
- Small doji candles, no decision could be made while volume is declining
- Strong resistance
4h:
- BB + 4 candles
- DOJI candle
- RSI oversold, about to cross into neutral zone
- Fibonacci 0.618 broken, maye a retest of 0.5 is realistic, after wich we can continue the uptrend??
Please let me know in the comments what you think of this idea, I'm a beginning trader so I would apreciate every form of feedback.
Thanks!
- Bearish divergence
- Strong resistance level
- No higher high
1h:
- MACD about to cross south
- RSI oversold, cross SMA south, not into neutrol zone yet
- Small doji candles, no decision could be made while volume is declining
- Strong resistance
4h:
- BB + 4 candles
- DOJI candle
- RSI oversold, about to cross into neutral zone
- Fibonacci 0.618 broken, maye a retest of 0.5 is realistic, after wich we can continue the uptrend??
Please let me know in the comments what you think of this idea, I'm a beginning trader so I would apreciate every form of feedback.
Thanks!
Comment:
Not sure if theres maybe an ascending triangle forming on the 15m charts. I will wait for trendreversal confirmation before positioning my shorts. What I want to see is the RSI's of higher time frames to cross into neutral zone and start a downtrend and Lower Lows on 15m to cofirm downtrend.