Writing it in live markets.
Weekly at resistance. Red small candles, clear rejections and a bearish hidden RSI divergence gives me a clear weak bias in the weekly.
Daily forms a Double Top pattern along with a weak Trendline break. Need a break below the support (Orange line) for swing short.
In 75 min. price can be seen breaking below the support (Green Line) clearly and there is a pullback to reject it which is a perfect long wick candle in the making.
In 15min also, a perfect red rejection of the support can be spotted (arrow).
For entry, I used the 5 min TF and waited for a break of Trendline to enter short by confirming that the pullback was over.
Weekly at resistance. Red small candles, clear rejections and a bearish hidden RSI divergence gives me a clear weak bias in the weekly.
Daily forms a Double Top pattern along with a weak Trendline break. Need a break below the support (Orange line) for swing short.
In 75 min. price can be seen breaking below the support (Green Line) clearly and there is a pullback to reject it which is a perfect long wick candle in the making.
In 15min also, a perfect red rejection of the support can be spotted (arrow).
For entry, I used the 5 min TF and waited for a break of Trendline to enter short by confirming that the pullback was over.
交易结束：到达止损
Failure注释
Price broke out. Will look for a swing trade now!
Chartered Accountant | Trader | Trainer
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Chartered Accountant | Trader | Trainer
| afzallokhandwala.com
| afzallokhandwala.com
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。