Price approaching previous resistance. There is bearish divergence forming on the lower timeframe (1 Hour). Clearly overbought levels. Clear price rejection would be a great additional confirmation on this.
Yoyo shows that will rise soon and it did not gep up yet so why it does not fly soon?
Also has nice triangle after breakout and harmonic deep Crab Pattern.
We will see what will happen :)
At a quick glimpse, we see divergence between stock and indicators.
Stock's price trend is on a downward slope (red line)
OBV, MACD, and RSI are all trending upwards (violet lines), with RSI gradually coming out of oversold levels (30 or below)
This difference in trend direction tells us there is bullish sentiment behind KO - meaning investors believe KO is at...
GBPCHF broke the support trend line, retested it, and now we're in the spike phase. We also spotted bearish hidden divergence on the 4hr timeframe (with the broker we use on MT4, not visible on TradingView) which could confirm the push down before seeing the continuation upwards with the bullish hidden divergence spotted on the daily timeframe.
4hr timeframe we spot bullish divergence and a potential head and shoulders formation. We also see on the 1hr timeframe that it broke resistance, retested it, and now we're in the spike phase. Could see a long opportunity of 208 pips