BEARISH DIVERGENCE
We have a slight bear div on the 2HR. Bear div is more visible on the 1HR but it would compare 2 tops 19 candles apart which would not be correct since RSI takes the last 14 candles closes.
We also made a double top with big wicks and a bearish Swing Failure Pattern on every time frame so that adds confluence for $6,850 to be our local top.
We might run stops above $6,850 before going down though. I wouldn't place a tight stop here
We also made a double top with big wicks and a bearish Swing Failure Pattern on every time frame so that adds confluence for $6,850 to be our local top.
We might run stops above $6,850 before going down though. I wouldn't place a tight stop here
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