NAS (Potential 500 pips Swing short set up incoming)
Updated
Hello my followers,
Arguments: Bias reasoning
1. triple RSI divergence daily
2.Blow off top that quickly reverted in the Divergence zone
3.top of 4 HR trend
4.Top of RSI in overbought territory
5.Current price action coming up to 20 hours 4HR chart on current candle close showed little reaction to upside
6.head and shoulders pattern 4HR forming?
8. a trending market (not consolidating)
7. low volume Lon session so far
8.Dollar strength expected
Expected time frame to hold swing end of the month.
Its all laid out for you in the chart - it will chop up here so don't panic and don't over size.
Good Luck
Arguments: Bias reasoning
1. triple RSI divergence daily
2.Blow off top that quickly reverted in the Divergence zone
3.top of 4 HR trend
4.Top of RSI in overbought territory
5.Current price action coming up to 20 hours 4HR chart on current candle close showed little reaction to upside
6.head and shoulders pattern 4HR forming?
8. a trending market (not consolidating)
7. low volume Lon session so far
8.Dollar strength expected
Expected time frame to hold swing end of the month.
Its all laid out for you in the chart - it will chop up here so don't panic and don't over size.
Good Luck
Note
Please see updated chart we just formed the head and broke
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.