B grade set up
-stochastic bearish divergence (purple lines)
-high volatility ATR, major price flucuations 11c-13c (yellow circle)
-minor support at 11c - if broken may test ~8c support
-set up lacks bearish candlestick confirming reversal, unknown catalyst
-stochastic bearish divergence (purple lines)
-high volatility ATR, major price flucuations 11c-13c (yellow circle)
-minor support at 11c - if broken may test ~8c support
-set up lacks bearish candlestick confirming reversal, unknown catalyst
Comment:
bearish engulfing candlestick. high volume. reversal signal