The 4HR looking bearish to me.
According to my Linear Regression indicators, we have tapped out .. RSI is over-brought and MACD is showing weak bullish signs which means the trend is about to reverse.
The reversal might happen this week but be warned that we will have the job report on Thursday the 8th at 8:00 AM then J.Powell will be speaking at 12:00PM these two can affect the market direction so I suggest trading after.
Happy Trading!
According to my Linear Regression indicators, we have tapped out .. RSI is over-brought and MACD is showing weak bullish signs which means the trend is about to reverse.
The reversal might happen this week but be warned that we will have the job report on Thursday the 8th at 8:00 AM then J.Powell will be speaking at 12:00PM these two can affect the market direction so I suggest trading after.
Happy Trading!