TSM analysis : potential reversal of trend
-W1 price in the top of the Pitchfork channel
-H4 Divergence between the price and RSI
-H4 RSI's neutrality zone breakout
Sell it if the price breaks the 121.00 usd support after the pullback at the red zone.
You can also sell it when the RSI goes back to the neutrality zone.
I put a Stop Loss, but you can adjust as you prefer.
The targets are the next supports.
Look at the weekly chart :
-H4 Divergence between the price and RSI
-H4 RSI's neutrality zone breakout
Sell it if the price breaks the 121.00 usd support after the pullback at the red zone.
You can also sell it when the RSI goes back to the neutrality zone.
I put a Stop Loss, but you can adjust as you prefer.
The targets are the next supports.
Look at the weekly chart :