RSI Divergence
Wait for a double top formation.
Enter on the last higher low (HL).
Maintain a risk-to-reward ratio (RRR) of 1:2.
The bullish trend on the higher timeframe should ideally correct to the 50–60% Fibonacci retracement level.
Wait for a double top formation.
Enter on the last higher low (HL).
Maintain a risk-to-reward ratio (RRR) of 1:2.
The bullish trend on the higher timeframe should ideally correct to the 50–60% Fibonacci retracement level.
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.