we are now retesting the uptrend line that was broken out(29th Mar.)
1Hr chart with bearish harmonic pattern
RSI bearish divergence. on 1Hr & 4Hr chart
1D chart.
based on wave analysis, it seems like a upward corrective movement.
I see 8200~8300 as a heavy resistance, but bullish movement from 7900~8000 level is still strong.(on 15m) short term double-top is expected. (or even slightly Higher high)
possible entry points are when short term gartley pattern is formed for when double top is completed.
entered short at 8200 but, still see strong bull moves.
RSI bearish divergence. on 1Hr & 4Hr chart
1D chart.
based on wave analysis, it seems like a upward corrective movement.
I see 8200~8300 as a heavy resistance, but bullish movement from 7900~8000 level is still strong.(on 15m) short term double-top is expected. (or even slightly Higher high)
possible entry points are when short term gartley pattern is formed for when double top is completed.
entered short at 8200 but, still see strong bull moves.
Trade closed manually
OR
H/S can be TP #1 for our short position.