US30 - Divergence ==> Short Term Sell ?
Analysis :
Scenarios:
Sell:
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The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
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- Price is close to two a resistance areas,
- Price bounced once on the first resistance area,
- Bearish Divergence formed,
- A Pinbar pattern formed,
Scenarios:
Sell:
- Wait for the first resistance area breakout fail,
- Wait For the divergence confirmation,
- Wait for the rejection candle pattern to form e.g. bullish engulfing , shooting star , Inside bar etc,
- Initiate Sell order,
- Targets are TP1 to TP2,
- SL above the second resistance Area Area.
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
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