We see a hidden bearish divergence has formed on the 2hr chart following the ABC corrective Elliot Waves.
Two potential TP targets based on previous support/resistance form on past lows (red dashed lines).
Disc . This is merely an observation of price action and NOT a suggestion to buy or sell. Do your own extensive research before placing a real order.
Cup and Handle
The cup and handle pattern is very strong on this one. We may have to break the 240 resistance level (as outlined in red) for 2-3 times to get to the 250 level. The resistance may be around 254.
Hidden Bearish Divergence
Yep, as the the two indicators said. This one can't be neglected as well. We may effect a fall after the rise.
