Rising wedge forming on the 4H chart. possible drop.
Comment:
Price breaking out of the trendline support.
Also bearish MACD crossover
Also bearish MACD crossover
Comment:
We had a 5th impuls wave up. So I added to my short position to maximize profit and manage my risk. Moved stoploss slightly higher. We can see now that we have also formed bearish divergence on the RSI. If we break above 6800 this count and trade is invalidated.
We had a 5th impuls wave up. So I added to my short position to maximize profit and manage my risk. Moved stoploss slightly higher. We can see now that we have also formed bearish divergence on the RSI. If we break above 6800 this count and trade is invalidated.
Trade going as planned so far.