In my , I mentioned "Spinning Top Bearish Trend Reversal Candle" appeared in 4h chart. Now it's supported by "Inverted Hammer Bearish Trend Reversal Candle" in 1D chart.
Technical Observations below.
------------------------ Price Action ------------------------- 1. Channel Complete with ABCDE Wave Pattern 2. Price Action must come out of the Channel 3. Bearish Inverted Hammer Candle appeared 4. Huge RSI Bearish Divergence
------------------------ Conclusion -------------------------- 1. Price Action will leave channel bearish.
------------------------ What If ------------------------------ #. Price Action leaves channel bullish. 1. It should be a Fake Out. 2. The trend reversal should be inevitable. ----------------------------------------------------------------
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Trade closed: stop reached
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Left the channel bullish, which should be a fake out when the price will not go above 7000. It will come back into the channel again.