Are we catching a hidden bullish divergence or falling knife?
Decide after you read my speculation :)
I am going again the odds here and calling for a uppward trend after a consolidation where no indikator is quite sure. But i see a hidden bullish divergence in stoch which i show with the green arrow. I think it is amazing if this divergence shows to be true because we can obviosuly see the drop in price and bearish divergence of price action.
I think its a sell under 4,9 but the trade here in my opinion is a bit risky but the reward is good accordingly. Its always hard and foolish to bet against the market. But here we are :)
Im seeing the bb squeezing. RSI seems to have lost the momentum and stoch is under the 20 line but showing a slight positiv divergence. The price is at the support of triangel formation and i really want the price to glide sideways before a trend change. Maybe its just a confirmation bias but im aware of my analysis is quite optimistic, so be careful.
Not a financial advice, do your own thing!
Decide after you read my speculation :)
I am going again the odds here and calling for a uppward trend after a consolidation where no indikator is quite sure. But i see a hidden bullish divergence in stoch which i show with the green arrow. I think it is amazing if this divergence shows to be true because we can obviosuly see the drop in price and bearish divergence of price action.
I think its a sell under 4,9 but the trade here in my opinion is a bit risky but the reward is good accordingly. Its always hard and foolish to bet against the market. But here we are :)
Im seeing the bb squeezing. RSI seems to have lost the momentum and stoch is under the 20 line but showing a slight positiv divergence. The price is at the support of triangel formation and i really want the price to glide sideways before a trend change. Maybe its just a confirmation bias but im aware of my analysis is quite optimistic, so be careful.
Not a financial advice, do your own thing!
Trade closed: stop reached