4hr stochastic is capped which suggest the end of the bullish momentum. There is a clear bearish divergence between the Stochastic RSI and price action that suggests bearish continuation.
My trade setup: This corrective bullish wave will be followed by a violent bearish wave that will invalidate the inverse H&S.
My long term plan can be found here:
(timing is obviously off but targets are still in play).
My trade setup: This corrective bullish wave will be followed by a violent bearish wave that will invalidate the inverse H&S.
My long term plan can be found here:
Trade closed manually:
Close the short at 3690.
The 4hr timeframe looks quite strong and I prefer to be out of position
The 4hr timeframe looks quite strong and I prefer to be out of position