formation showing is a rising wedge
both on daily and weekly. Weekly RSI
support about to be tested if broken confirmed breakdown. Hoping for a bounce scenario to the weekly upper wedge
line for a better RR short position. If no bounce short position will be opened upon break of wedge
lines. Bounce scenario based on intraday divergences --> 5 mins and 30mins forming lower lows but rsi
relatively flat, 15min lower low with rising rsi
, hourly flat rsi
with lower lows.
Caveat I'm just a newbie documenting trades for my learnings.....