It is a very good example, which explains how to trade against the main trend.
The price reached the upper line of the price channel. We got a trend reversal signal based on a bearish divergence. RSI is bearish, MACD supports a possible downward movement.
If the price breaks the local uptrend line, it will confirm the downward movement. The market will be able to correct the previous strong upward movement and reach the zone between SMA100 and the weekly uptrend line. This zone will be good for buying based on confirmed reversal signals.
The price reached the upper line of the price channel. We got a trend reversal signal based on a bearish divergence. RSI is bearish, MACD supports a possible downward movement.
If the price breaks the local uptrend line, it will confirm the downward movement. The market will be able to correct the previous strong upward movement and reach the zone between SMA100 and the weekly uptrend line. This zone will be good for buying based on confirmed reversal signals.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
💰COPY MY TRADES FOR FREE! Join 👉 bit.ly/41DKDBD
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
📣 Get Welcome Bonuses for 1st Trade 👉 bit.ly/bonus_bybit
💎 Share My BEST Trades here 👉 bit.ly/wubits
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.