Rejection from trend line and 21 EMA................. Wait for the breach of support After it break the support one can short till next support.
Triple/Double Top + Below 21EMA + RSI below resistance
Descending Triangle .Wait for confirmation of breakout and mostly breakout is downward. One must watch RSI. Here RSI is indicating something else.
Confirms it is a double top on Price as well as RSI. Mind it is only on one hour chart(i.e.Short Term)
Next Pull back and pump? Hidden Bearish Divergence is indicating for Pull Back(i.e. Price LH whereas RSI HH). After each Pullback an opportunity for long emerges which is very well satisfied.
Double bottom / Triple bottom results are different then fourth / fifth (rarer case) bottom. Similarly, Double bottom / Triple top results are different then fourth / fifth (rarer case) tops.
Price : Lower High RSI : Higher High According to Text Books this is Hidden Divergence and it is Bearish. Earlier we had a simple Bullish divergence on RSI.
Two important support and resistance are at 7330 and 7054 approx. With in 24 hr.(max.) any one of them would be pierced.
Keep an eye on this Resistance. This very very imp resistance ............
Could we again see a Double Top !!! And If ......... you Know ............