Bearish Divergence after a double top. Change of Tendency
After the double top, we see the bearish regular divergence both in MACD and RSI (and both in 4h and 1h, solid time frames). If we run the Fibonacci, this last retracement should end in 0,5 or 0,62 so i recomend a higher stop loss if entered at 0,5. Since then, price is expected to decrease at least until 1,61 Fib.
Note
sorry for the mess...
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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.