Breakout Trading - Selling Opportunity
The Main Trend is bearish within the red channel
There is a negative RSI divergence while prices moves up within the pink bullish channel
This could give indication for a soon reversal to the downside which will be confirmed by the breakout of the violet channel to the downside
Also there is an inverse bearish AB=CD Pattern shown with the yellowish lines
The breakout of the main trend of the red downside channel could indicate a possible strong bullish move coming
There is a negative RSI divergence while prices moves up within the pink bullish channel
This could give indication for a soon reversal to the downside which will be confirmed by the breakout of the violet channel to the downside
Also there is an inverse bearish AB=CD Pattern shown with the yellowish lines
The breakout of the main trend of the red downside channel could indicate a possible strong bullish move coming
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.