It has been observed that priceaction is forming hidden bearish divergence in weekly chart which indicates bearish trend is forming. Hidden bearish divergence forms when the price is making lower high and oscillator is making higher high. I expect the price will reach 480.
Note
From 509 to 486.1, hidden bearish divergence worked.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Join my students group for Index Option Trading to earn and learn.
Mail id : tradingplan4u@gmail.com
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.
Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Join my students group for Index Option Trading to earn and learn.
Mail id : tradingplan4u@gmail.com
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.