Short term correction for another bull trend continuation.
Price is currently testing at major resistance with strong RSI divergence on the Daily Chart with a potential Double Top forming.
For this week:
Short term Sell*
A potential counter-trend trade would be to take the trade on H4/H1 if there is a bear flag or a double top formation where the RSi shows Multiple divergence.
Will continue to monitor this through out the week.
Comment:
Comment:
Invalid if breaks through. Will re-assess later
Possible regular flat.
Invalid if breaks through. Will re-assess later
Trade closed: target reached:
TP hit. Out.
We are at a very interesting level as mentioned.
RSI Div level is spot on.. time to wait for confirmation.