Nebula_Fx

US30 Can be up for major bearish trend

Short
OANDA:US30USD   US Wall St 30
US30 1D Timeframe

The market is losing bullish momentum. Possible Head and Shoulders may form over the next week.

One (Red)
RSI Divergence on the daily timeframe.

Two (Yellow)
Price was in a range before price pushed to the -61.8 and created double top on the RSI.

Three (Grey)
Price hit the top on the channel. And make correction to the bottom of the trend, not quite touching it. It retraced to the 50%channel and botched off the bottom.

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.