Previous bearish channel seems to still be in effect. However, due to the recent hike, we now may possibly have a sell opportunity.
Trade with caution, entry has been set at the previous session's lowest low in order to confirm the trend will reverse at the upper portion of the channel. As a form of confirmation, look for the RSI to dip below the 60% level (indicating upward momentum has dissipated.
Trade Safe, Trade Smart
Good Luck!
Trade with caution, entry has been set at the previous session's lowest low in order to confirm the trend will reverse at the upper portion of the channel. As a form of confirmation, look for the RSI to dip below the 60% level (indicating upward momentum has dissipated.
Trade Safe, Trade Smart
Good Luck!