Hello dear friends,
Considering just RSI as the indicator for the 4H chart, I see that it is repeating a pattern for the third time, which at least for the two preceding times, it ended up with gainful upward movements. If the downtrend breaks, I think it may be repeated for the third time. But personally I do not hurry for a long position, since we are not here to predict, we just react to the events.
I will wait for more signs. If we have a breakout during the next hours, and it is accompanied with more confirmations, I will be in a long position and announce it in my next post.
Let's wait and see what will happen next!
Good luck!
Considering just RSI as the indicator for the 4H chart, I see that it is repeating a pattern for the third time, which at least for the two preceding times, it ended up with gainful upward movements. If the downtrend breaks, I think it may be repeated for the third time. But personally I do not hurry for a long position, since we are not here to predict, we just react to the events.
I will wait for more signs. If we have a breakout during the next hours, and it is accompanied with more confirmations, I will be in a long position and announce it in my next post.
Let's wait and see what will happen next!
Good luck!
