A divergence is forming, along with a harmonic reversal pattern (Crab) below the trendline.
A potential entry can be considered on a trendline breakout as price continues to move lower.
A safer approach is to wait for a retest after the breakout.
A potential entry can be considered on a trendline breakout as price continues to move lower.
A safer approach is to wait for a retest after the breakout.
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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.