Triple hit of support with RSI divergence.
Using heikin ashi smoothed (2-2) waiting for confirmation green candle.
Health and momentum is weak
Simple analysis but don't need to overthink this one.
Enter trade on 4 hour for tighter stop loss VERY important you know how to do this right.
Break out has happend with a bearish candle with big wick with MACD tops lower. Target is the major support before this will have the next bounce. Stochastic has room to move lower. Will take trade on 60 min timeframe which is also showimg comfirmation
What's you think Bearish or Bullish please leave a comment and explain why
Bearish trend and tight squeeze this is going to have a big move but what direction?
I will wait for a confirmation candle on 1d then take the pull back on a lower time frame
Triple hit on trend line, RSI over brought and diversion. Also lines up perfectly with fib at 0.786 level. Great opportunity I would even eat my own shit if this goes long. Don't miss out!
Please comment and let me know your views.
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What a great opportunity for shorting, right at the beginning of a trend .With a double top, macd squeeze, under ema, mtf are all confirming red (short) and higher timeframe daily strong down trend. Hope you found this helpful please comment if you have any input. Risk management is the key to success