Hey guys,
this is a retest of a daily resistance zone that could stop price's rally and push it lower. Along with structure we have a double top setting up with RSI divergence and an engulfing candle right at the retest point. Finally there's also a Bat pattern already completed that further adds up to the list of the clues. Stops above highs, targets as displayed.
If you want to share your view or ask questions, feel free to ask.
Otherwise, see you in the next chart!
P.S. My weekly videoanalysis is available here below. Take a look at that!
this is a retest of a daily resistance zone that could stop price's rally and push it lower. Along with structure we have a double top setting up with RSI divergence and an engulfing candle right at the retest point. Finally there's also a Bat pattern already completed that further adds up to the list of the clues. Stops above highs, targets as displayed.
If you want to share your view or ask questions, feel free to ask.
Otherwise, see you in the next chart!
P.S. My weekly videoanalysis is available here below. Take a look at that!