kgalic1

kgalic1

RSI shows lower high while price shows higher high. Volume is also low, and since volume is very important for uptrend and not that much for downtrend, I would assume that we should go a bit down as for now.

kgalic1

Bearish divergence on 4h chart. Keep in mind that divergence can extend in this case to 8600-8700 levels even before it drops.

kgalic1

On the other side also, this might be B wave, and expecting one more down to 8.4 levels. Also I keep in mind that volume is low, so make sure you enter the trade with proper stop-loss.

kgalic1

I can see bearish divergence which could result with short sell-off before moving up. Also to keep in mind that TA has not always been respected, and I wouldn't be surprised to see massive green candle at the point where we would expect it to go down. Still be careful, and set your stop-losses just for the case..

kgalic1

Potentially could be a bull trap. Might be I am wrong. Let's see

kgalic1

Potentially what can happen in my opinion(could be wrong). Volume is low and Indicators are showing short term up-side and then correction could move on.

kgalic1

Possible scenario

kgalic1

Might look like inverted cup & handle