PG hitting 52 week highs, you can see the bulls are losing steam as the RSI and MACD are making lower highs, the last daily candle got pushed down hard at the resistance line, looking for anther bearish daily candle for confirmation. I think we could easily see 104 in the coming days, the market as a whole is looking prime for a pullback. If we break trend line don't mind me. these bearish divergence calls are difficult to time and the divergence can last must longet than you think! trade carefully! this is not trading or financial advise!!!!!
Commentaire:
terrible trade idea there was 0 short setup there