Tri-star on 4h, short term trend reversal Short

Bitcoin / DollarBitfinex

Description

⋅ 17 févr. 2018 20:20

Quoting investopedia:
Having a series of three consecutive doji candles is extremely rare, but when it is discovered, the severe market indecision generally leads to a sharp reversal of the given trend.

Read more: Tri-Star investopedia.com/terms/t/tri-star.asp

Also, 4h rsi is overbought along with bearish divergence on 4h rsi(6) and bearish divergence on 1h, 30min as well.

It is advisable to atleast sell here. A short can be opened soon now or if the next candle is red (confirmation).

Cheers!

Chart Patterns Trend Analysis

Plus