UNITY:PSX is presently observed to be in uptrend, printing HHs and HLs on 1D timeframe. However, it is observed to have formed a Bearish divergence on RSI alongwith forming a Symmetrical Triangle. Generally, Symmetrical Triangle is considered a continuition pattern and indicates continuation of the prevailing trend however, when read in conjunction with a Bearish divergence, we can be safely bet a break to the downside triggering a short entry.
Notwithstanding above, both Short and Long Entries have been marked on chart along with SLs and TPs.
Notwithstanding above, both Short and Long Entries have been marked on chart along with SLs and TPs.