What is the chart telling us?
1. RSI shows divergence - Indicates sell
2. Stochastic has same divergence - Indicates sell
3. WAE, red bar - Indicates Sell
4. Price - Sitting on R1, inside the 200 EMA tunnel
Question - Can the price break the tunnel and close below R1? If it does it can come down to test Pivot level and subsequent supports below. Let's keep a close eye
1. RSI shows divergence - Indicates sell
2. Stochastic has same divergence - Indicates sell
3. WAE, red bar - Indicates Sell
4. Price - Sitting on R1, inside the 200 EMA tunnel
Question - Can the price break the tunnel and close below R1? If it does it can come down to test Pivot level and subsequent supports below. Let's keep a close eye
註釋
Bingo! So the price did touch the pivot. Target achieved
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