Hi guys, we can see a bearish flag, and btc can get 3700 in few days.
I think now good point for open short position.
WE have a strong divergence on 4H, it's a good signal for sell.
Traders, my bearish colleagues have persuaded me to take a second look at this channel flag. What I found is beary scary.
For months now US 30 have been in correction charting a rising channel. My alternate Elliott wave analysis suggests this is an ABC large-scale correction and the Bear Flag is a long, strong B wave, nearing completion in August. For the...
As the AUDJPY works it's way up towards previous structure highs, it's also created the potential for a Bearish Advanced Bat Formation as well as a potential double top (With the RSI overbought/showing bearish divergence)
Looking left on the Daily timeframe it's also at a previous level of structure adding more for those looking to build a case for entry.
Akil...
