RSI is facing resistance at the extreme levels. Short

Description

⋅ Jan 6, 2020 12:30 PM

The RSI is facing resistance at the bearish extreme levels. We can notice the price action hasn't been too supportive for longs. A not so prominent H&S is noticed. Breaking below the neckline may result into deep corrections.

Comments

AMBRISH

⋅ Jan 6, 2020 1:04 PM

Thanks, any levels to watch?

pmarigowda

⋅ Jan 8, 2020 11:29 AM

Also on weekly chart it is Double Top. If you see the weekly chart, in last 4 candels sellers are upper hand.

AdityaLakshmipathy

⋅ Jan 7, 2020 6:23 AM

Beautiful. I wish you drew the neckline too. Still thanks for the post.