We have a nice little bearish CTS (Combined Technical Score) setup happening here on the JPN225 with price action currently trading at a previous level of structure resistance.
On the higher timeframe we already have a double top, with the RSI overbought & showing bearish divergence & on the lower timeframe we have the same setting up with the added bonus of an at market bearish Cypher pattern.
*We also take a look at why it's important to use the CORRECT pattern drawing tool when looking at Cypher patterns.
Please leave your questions & comments below & remember to show that rocket some LOVE!
Your Trading Coach - Akil
On the higher timeframe we already have a double top, with the RSI overbought & showing bearish divergence & on the lower timeframe we have the same setting up with the added bonus of an at market bearish Cypher pattern.
*We also take a look at why it's important to use the CORRECT pattern drawing tool when looking at Cypher patterns.
Please leave your questions & comments below & remember to show that rocket some LOVE!
Your Trading Coach - Akil
"The Trading Coach Podcast" - Available on your favorite podcasting app!
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