RCL | Big Bearish Bat Harmonic | Testing Resistance Target Short

REGIONAL CONTAINER LINES PUBLIC COSET

Description

⋅ Jan 25, 2022 8:08 PM

Price Action & Chart Pattern Trading
> It wasn't forming a cup but a big bearish bat harmonic
> Break down EMA200 major resistance and test the bat harmonic resistance target.

CCFI China Container Freight Index still on the all-time high value but price pressure still coming from the sharp declining of BDI index.
en.macromicro.me/charts/947/commodity-ccfi-scfi

Indicators:
Wait for consolidation to form before making a re-entry
> RSI tapping oversold wait for divergence signal.
> MACD dead crossing signal line