Update on 4HTF.
Bearish divergence on volume and RSI . FED hike on wednesday will trigger our trade.
Disclaimer: This is not financial advice. All trade ideas and analyses shared are only my view on the markets.
Big pennant bear flag formed on 1W TF. Didn't manage to break 200 EMA which is serving as resistance with the 20EMA.
Chaos ahead. Our target is around U$ 800
I'm new here so...this is what i'm working on, we are heading up to 25300 in this channel to test a new high inside this rising wedge, to later retest the main channel at 21600. 4TF with RSI almost oversold, a little bump ahead. Oh, forgot to mention that in the 4HTF it currently sits with the support of 20 and 50 EMA
Thoughts?
NOT FINANCIAL ADVICE
