Looking like RSI may crack here for a move lower. Wait for confirmation before placing a trade, but have the orders ready to submit!
Notice the MACD just got rejected. Also had a MACD crossing outside of the existing trendline==> If this tests zero and breaks it is the real deal. However an aggressive bearish trader could take the signal for its word and enter now. Always nice to have more than one signal on entry.
Notice the bullish and bearish divergence.
I know nothing about their fundamentals. I will just throw that out there.
I learned from Eric Muathe. A great mentor. This is how he would draw the trend lines
Notice the MACD just got rejected. Also had a MACD crossing outside of the existing trendline==> If this tests zero and breaks it is the real deal. However an aggressive bearish trader could take the signal for its word and enter now. Always nice to have more than one signal on entry.
Notice the bullish and bearish divergence.
I know nothing about their fundamentals. I will just throw that out there.
I learned from Eric Muathe. A great mentor. This is how he would draw the trend lines
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