5% drawdown from the right shoulder of a Head and Shoulders pattern setup can be expected as drawn on this 15m chart. Price action in a parallel channel and downward impulse wave to fill the wave-iii. Chaikin Money Flown in a negative divergence as diving below zero plus Fisher transform 2H bearish crossing suggesting time correlation in 16h ahead.
30MTF
Short
Indicatrors: Bollinger bands , 200EMA , RSI
Bollinger bands 20Moving average rejection
Price closed below 200EMA
RSI Below 40
Dear traders, I have identified chart levels based on my analysis, major support & resistance levels.
Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment
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