Setup
Bearish: Potential long term top.
Bearish engulfing candlestick from multi-year highs
RSI has dropped from 70 overbought
Signal
Fakeout: Looking for rebound to stall near the former resistance at 174.
RSI bearish divergence, taken out support
Caution: uptrend line has held so far. A break would confirm trend reversal.
Too early to trade the reversal?
Would you weait for a breakdown first ?
Let's discuss
Ta, Jasper
Bearish: Potential long term top.
Bearish engulfing candlestick from multi-year highs
RSI has dropped from 70 overbought
Signal
Fakeout: Looking for rebound to stall near the former resistance at 174.
RSI bearish divergence, taken out support
Caution: uptrend line has held so far. A break would confirm trend reversal.
Too early to trade the reversal?
Would you weait for a breakdown first ?
Let's discuss
Ta, Jasper
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tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Signup to my newsletter:
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
tradingwriters.substack.com/
Market Analyst for:
WeTrade
wetradebroker.com/education/analysis/jasper/
SpreadEx
spreadex.com/financials
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.