formation showing is a rising wedge both on daily and weekly. Weekly RSI support about to be tested if broken confirmed breakdown. Hoping for a bounce scenario to the weekly upper wedge line for a better RR short position. If no bounce short position will be opened upon break of wedge lines. Bounce scenario based on intraday divergences --> 5 mins and 30mins forming lower lows but rsi relatively flat, 15min lower low with rising rsi, hourly flat rsi with lower lows.
Caveat I'm just a newbie documenting trades for my learnings.....
Caveat I'm just a newbie documenting trades for my learnings.....