Hello dear friends
Due to the negative divergence of the RSI in the daily time frame, the possibility of completing the bullish wedge pattern at the end of the uptrend has been strengthened.
🔍 If the range of $719 is completely consumed, the possibility of reaction to the range of $806 will be strengthened and we can expect the continuation of the downward trend to the range of $605 and $536.
❗️❗️❗️ Note that if the $932 resistance range is completely consumed, the above view will expire.
We would be happy to hear your comments
Due to the negative divergence of the RSI in the daily time frame, the possibility of completing the bullish wedge pattern at the end of the uptrend has been strengthened.
🔍 If the range of $719 is completely consumed, the possibility of reaction to the range of $806 will be strengthened and we can expect the continuation of the downward trend to the range of $605 and $536.
❗️❗️❗️ Note that if the $932 resistance range is completely consumed, the above view will expire.
We would be happy to hear your comments
Trade active
Comment:
The range of $719 was consumed and then an upward trend was formed, now we expect a reaction to the range of $806, provided that the range of $932 is maintained.
Trade closed: stop reached