Nice short opportunity here for a pull back to the base line (burgundy line). MACD showing bearish divergence and a bearish crossover,
RSI also has bearish divergence looking for the RSI to move towards the 50 mark to signal bearish momentum.
Divergence on with the price and the conversion line (blue line) as the conversion line shows momentum to the upside as price is showing signs of topping out with the long candle wicks.
RSI also has bearish divergence looking for the RSI to move towards the 50 mark to signal bearish momentum.
Divergence on with the price and the conversion line (blue line) as the conversion line shows momentum to the upside as price is showing signs of topping out with the long candle wicks.