We can use candle patterns on the oscillators too. On 1h my waves oscillator, we have a double top, ideally rejected from the 70 lines, and it broke down the neckline.
A pullback in strength could go below a zero line. In that case, aggression (grey wave) would be rejected in the area of -50 to -70.
The head and shoulders pattern formed on a 15m timeframe, and it retests the neckline at the moment of writing this, with a possible drop to 30300 right through the hole on VPVR on the right.
Again, the fact that I remain bearish should not change the fact that trading against the trend is a big NO-NO.
A pullback in strength could go below a zero line. In that case, aggression (grey wave) would be rejected in the area of -50 to -70.
The head and shoulders pattern formed on a 15m timeframe, and it retests the neckline at the moment of writing this, with a possible drop to 30300 right through the hole on VPVR on the right.
Again, the fact that I remain bearish should not change the fact that trading against the trend is a big NO-NO.
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