H4 - Price reached the top of the channel.
H1 - Currently it looks like the price is creating a bearish divergence.
If the price moves lower, breaks and holds below the uptrend line, we may then start looking for sells with more bearish evidences.
M15 - If you want to be more aggressive then wait for the price to break below the low show in the chart (marked in pink). You may then start looking for sells with more bearish evidences.
Invalidation: If the price breaks and holds above the bearish channel (H4) then this setup would be invalidated (spikes are acceptable).
H1 - Currently it looks like the price is creating a bearish divergence.
If the price moves lower, breaks and holds below the uptrend line, we may then start looking for sells with more bearish evidences.
M15 - If you want to be more aggressive then wait for the price to break below the low show in the chart (marked in pink). You may then start looking for sells with more bearish evidences.
Invalidation: If the price breaks and holds above the bearish channel (H4) then this setup would be invalidated (spikes are acceptable).
Kommentera:
We were looking for confirmation of bearish reversal from the top of the H4 channel. That never happened and instead the price broke above the range. We can now focus on possible buy setups during pullbacks,