𝐓𝐒𝐋𝐀 𝐀𝐮𝐭𝐨𝐩𝐢𝐥𝐨𝐭 𝐬𝐭𝐮𝐜𝐤 𝐢𝐧 𝐫𝐞𝐯𝐞𝐫𝐬𝐞?
Obviously by now we have broken below the channel, though the yellow circles shows that we have a history of breaking the channel but a further continuation. But for now, the channel should be respected and position size reduced at the break.
The rising blue line is the -4 deviation on the rising channel.
The falling blue line is the resistance from the 3rd top in the triple top breakdown. A break of this line would be an indication of changing sentiment.
RSI is very oversold, but without any buying volume - it's really not a helpful indicator.
Obviously by now we have broken below the channel, though the yellow circles shows that we have a history of breaking the channel but a further continuation. But for now, the channel should be respected and position size reduced at the break.
The rising blue line is the -4 deviation on the rising channel.
The falling blue line is the resistance from the 3rd top in the triple top breakdown. A break of this line would be an indication of changing sentiment.
RSI is very oversold, but without any buying volume - it's really not a helpful indicator.
