badboypatel

badboypatel

A bearish divergence formed on MACD 1D chart; RSI overbought.

badboypatel

This is my first post, so please don't be too harsh. 1. Stoch oscillator is showing that we've reached top so we will go down 2. The daily candle is closing below MA100 3. On smaller time frames 3H- MA50 and MA100 made a cross confirming a further move down 4. MACD seems to be very close to crossing signal downwards.