Bear Flag + Pennant + Bearish XABCD
Looks like a trap! I wouldn't long here.
1 Hour RSI is showing over bought and 20 EMA is being rejected by 50 EMA.
4 Hour showing not enough power to grapple with the 20 EMA.
Short entry point and take profits are marked on the chart.
What are your thoughts on this?
Looks like a trap! I wouldn't long here.
1 Hour RSI is showing over bought and 20 EMA is being rejected by 50 EMA.
4 Hour showing not enough power to grapple with the 20 EMA.
Short entry point and take profits are marked on the chart.
What are your thoughts on this?
