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Short Term Bearish Idea _ ETHERIUM H4 _ 31-05-2022
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1- Price action is moving down and has rebound from a strong support zone.
2- Bullish divergence between the last swing lows BD’.
3- Double bottom coupled with Bullish Divergence.
4- One can also identify Volume Divergence.
5- As long as the Double Bottom holds my view remains Bullish.
Target is 38.2% FR of the last leg.
Stoploss is same safe distance below the double bottom.
2- Bullish divergence between the last swing lows BD’.
3- Double bottom coupled with Bullish Divergence.
4- One can also identify Volume Divergence.
5- As long as the Double Bottom holds my view remains Bullish.
Target is 38.2% FR of the last leg.
Stoploss is same safe distance below the double bottom.
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SL Hit
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