Hi fellow enthusiasts,
At this moment we are in a triangle after quite a drop and we see hidden bearish divergence on the 4hr RSI.
Looking back to beginning of august we were in a triangle after quite a drop and we saw hidden bearish divergence on the 4hr RSI...
Copying and pasting the bars pattern from there gives a very interesting result in my opinion: first support where also today support is to be found, and finally a target that lines up with the bottom of the huge falling wedge we are in.
I am currently short in a small position and will add more should we go a bit higher.
Once we would break 6530 I would re-evaluate, but at this moment short seems a lot better choice than long to me.
Happy trading,
C.J.
At this moment we are in a triangle after quite a drop and we see hidden bearish divergence on the 4hr RSI.
Looking back to beginning of august we were in a triangle after quite a drop and we saw hidden bearish divergence on the 4hr RSI...
Copying and pasting the bars pattern from there gives a very interesting result in my opinion: first support where also today support is to be found, and finally a target that lines up with the bottom of the huge falling wedge we are in.
I am currently short in a small position and will add more should we go a bit higher.
Once we would break 6530 I would re-evaluate, but at this moment short seems a lot better choice than long to me.
Happy trading,
C.J.