On an Hourly time frame, a divergence is possibly formed. If the consolidation is broken then a quick run-up should follow. Possible Target is given in the chart.
Disclaimer: Only for Educational Purpose.
Feel free to provide suggestions.
Disclaimer: Only for Educational Purpose.
Feel free to provide suggestions.
Ordine annullato:
RSI HH- HL pattern broken on Hourly Charts. Also, the channel breakout failed. So let's wait for the next formation.
On a Daily time frame, RSI seems to have formed double bottom already and so the downside seems limited but cant negate the Head and Shoulder breakdown too.
On a Daily time frame, RSI seems to have formed double bottom already and so the downside seems limited but cant negate the Head and Shoulder breakdown too.