Hello traders lets dive into it:
What we have here is a wonderful trend with more than 3 touches.
we have again a level of resistance that was both support and resistance.
We also have a divergence at with a tipple top.
We can also identify that this is a clear downtrend when we look at the 4H tf.
The last and most important of all is the pivot point.
All these factors has led me to believe that we will see the continuation of the downtrend.
What we have here is a wonderful trend with more than 3 touches.
we have again a level of resistance that was both support and resistance.
We also have a divergence at with a tipple top.
We can also identify that this is a clear downtrend when we look at the 4H tf.
The last and most important of all is the pivot point.
All these factors has led me to believe that we will see the continuation of the downtrend.
- Flag breakout
- Support becomes resistance
- Trend continuation
- Divergence
- Pivot points
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