This is a very rare setup we have here a convergence-divergence setup on the same timeframe, usually on this setup we should combine D1 and H4 timeframes.
Not only that. I see more reason to short on this levels.
- double top with divergence
- clear uptrend broken, price made its first lower low
- convergence on MACD shows expected next price move
- price is testing the trendline
- EW possible expanded flat correction (not shown)
Best regards.
Not only that. I see more reason to short on this levels.
- double top with divergence
- clear uptrend broken, price made its first lower low
- convergence on MACD shows expected next price move
- price is testing the trendline
- EW possible expanded flat correction (not shown)
Best regards.
