Indigo Trap - Fake breakout
Updated
The price seem to be a trap. No volumes despite it being an 8 month breakout.
there is a clear divergence on the RSI and the price.
Its a classic bearish divergence.
The price is making HH and the RSI(oscillator) is making LH
The price should be back to 1600.
there is a clear divergence on the RSI and the price.
Its a classic bearish divergence.
The price is making HH and the RSI(oscillator) is making LH
The price should be back to 1600.
Note
There is a correction.. the price will be back to 1600 levels in few days.
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.