Daily watchlist candidate for SEKEUR:short
Hello world,
and another watchlist candidate for this week.
Theory:
Reversal at weekly resistance line.
What we have:
- overbought RSI
- MACD signaling trend change
- long term trend: SHORT
- wykoff expansion phase (long term)
- multiple rejections at weekly resistance line (red)
What I am waiting for:
- price action at resistance line
- smaller candles indicating momentum loss
- break of shortER term trend line (green)
Happy for any feedback.
All the best,
c4ss10p314
and another watchlist candidate for this week.
Theory:
Reversal at weekly resistance line.
What we have:
- overbought RSI
- MACD signaling trend change
- long term trend: SHORT
- wykoff expansion phase (long term)
- multiple rejections at weekly resistance line (red)
What I am waiting for:
- price action at resistance line
- smaller candles indicating momentum loss
- break of shortER term trend line (green)
Happy for any feedback.
All the best,
c4ss10p314
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