Hello traders,
We have a bearish opportunity on the 4H with a double top at previous major structure with RSI divergence. Normally for a double top I would wait for a 2618 for entry but since this double top is occuring at previous MAJOR structure (Daily) with an RSI divergence, this qualifies as a valid double top for me.
I am aiming for targets at 382 and 618 retracements of a move up, which both happen to align with previous resistance.
If this helps give it a like !
Enjoy !
We have a bearish opportunity on the 4H with a double top at previous major structure with RSI divergence. Normally for a double top I would wait for a 2618 for entry but since this double top is occuring at previous MAJOR structure (Daily) with an RSI divergence, this qualifies as a valid double top for me.
I am aiming for targets at 382 and 618 retracements of a move up, which both happen to align with previous resistance.
If this helps give it a like !
Enjoy !