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We got the breakdown we were looking for which means the trade is considered a valid setup now - Proper Quasimodo pattern.
Entry will be the red box, with a stoploss put above this week high. Target 1 will be 1400 and final target will be Q3 Open.
This week close was an ugly one, Swing failure pattern on the weekly candle. Furthermore, on the 2D chart, RSI is showing bearish divergence suggesting weakness from the bulls.
Entry will be the red box, with a stoploss put above this week high. Target 1 will be 1400 and final target will be Q3 Open.
This week close was an ugly one, Swing failure pattern on the weekly candle. Furthermore, on the 2D chart, RSI is showing bearish divergence suggesting weakness from the bulls.