I've placed a short from 4080-4110 to test if we have a ABC. I dont believe that the retracement we had was a proper ABC. So i think 3400 Area is very likely for our C.
RSI is showing us that we have a bearish divergence on the 4H. MACD is also curving down on the 4H. So this support the bearish outcome.
If it breaks above 4140. This theory would be invalidated.
RSI is showing us that we have a bearish divergence on the 4H. MACD is also curving down on the 4H. So this support the bearish outcome.
If it breaks above 4140. This theory would be invalidated.
Note
Adjusted fibs a little. So take profit should be at 3445. I recommend putting up a buy at 3445 too.
Stoploss at: 3420.
Take profit at 4100.
Trade fermée: cible de profit atteinte
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.