Hello Dear friends
In the previous rising trend, the range was completely consumed, but HH it was not formed for us.
Currently, due to the range and negative divergence of the RSI combined with the harmonic pattern, the probability of breaking the upward trend line is high.
Keep in mind that we will be issued a process change confirmation when the orders are fully consumed in the range of $6.92. The condition for continuing the downward trend to the specified range is not to consume orders in the range of $8.228.
We would be happy to hear your comments
In the previous rising trend, the range was completely consumed, but HH it was not formed for us.
Currently, due to the range and negative divergence of the RSI combined with the harmonic pattern, the probability of breaking the upward trend line is high.
Keep in mind that we will be issued a process change confirmation when the orders are fully consumed in the range of $6.92. The condition for continuing the downward trend to the specified range is not to consume orders in the range of $8.228.
We would be happy to hear your comments
Trade active:
The range of $6.919 is still maintained. But the ascending trend line is broken down and LL is formed.
On the other hand, the range of $8.23 remains intact, as a result, our view of forming a bearish trend is valid for now.
On the other hand, the range of $8.23 remains intact, as a result, our view of forming a bearish trend is valid for now.
Trade active
Trade closed: target reached