Hello friends.
I saw a three top pattern in 1D chart and a bearish divergence included too.
after the 3rd time price touch 2050 Resistance level , we can see in picture below ,
Buyers couldnt lead price upper and Sellers came in strongly.
So , as you can see in Zoomed Chart , we have a Bearish Engulfing pattern there and
in the main chart , we see a decrease in RSI tops but 3 tops placed in a line.
this means the Trend will weak and the price will Drop.
I think our Swing targets are 1958 (Former Bottom)
and 1933(EMA 50).
Thank you for reading my IDEA.
PLZ share me your opinion.
Have good trades.
<<< LEARN first , then Omit L & EARN >>>
I saw a three top pattern in 1D chart and a bearish divergence included too.
after the 3rd time price touch 2050 Resistance level , we can see in picture below ,
Buyers couldnt lead price upper and Sellers came in strongly.
So , as you can see in Zoomed Chart , we have a Bearish Engulfing pattern there and
in the main chart , we see a decrease in RSI tops but 3 tops placed in a line.
this means the Trend will weak and the price will Drop.
I think our Swing targets are 1958 (Former Bottom)
and 1933(EMA 50).
Thank you for reading my IDEA.
PLZ share me your opinion.
Have good trades.
<<< LEARN first , then Omit L & EARN >>>
Comment:
First Target (1958) Reached
Comment:
Second Target (1933) Reached