Bear Cypher pattern created but will the sellers really push ?
On the lookout:
1) Double-top on 240M
2) Bearish RSI divergence
3) Awaiting break below previous support
4) Based on the above, price might move to next Support
5) If price goes to 4 (Green zone) then await for retrace to 5 for a 2618 play
6) But we may see a harmonic play here since Price the still in Support range zone (Yellow zone). Could bounce up and reach next bull Resistance zone (Red zone).
On the lookout:
1) Double-top on 240M
2) Bearish RSI divergence
3) Awaiting break below previous support
4) Based on the above, price might move to next Support
5) If price goes to 4 (Green zone) then await for retrace to 5 for a 2618 play
6) But we may see a harmonic play here since Price the still in Support range zone (Yellow zone). Could bounce up and reach next bull Resistance zone (Red zone).