Weakening structure formed bear flag
At resistance
RSI divergence in 1 hour 4 hour and daily
However- could be possibility of short squeeze but I think enough bulls are trapped for sell off
With the world at war- everyone is looking to short so keeping that In mind before placing trades- this could cause short squeeze
Refrain from shorting until clear lower lows and low highs form
At resistance
RSI divergence in 1 hour 4 hour and daily
However- could be possibility of short squeeze but I think enough bulls are trapped for sell off
With the world at war- everyone is looking to short so keeping that In mind before placing trades- this could cause short squeeze
Refrain from shorting until clear lower lows and low highs form
Trade closed: target reached:
First target reached, I got in at the top of the bear channel with high probability setup- If trade went south I would have cut my losses with a small loss, however, this was a sniper entry.