D : RSI is failing to post a high above 60, which is bearish.
A bearish divergence is also present from the previous upmove.
Has Range shift from bullish to bearish occurred?
H1 : A bearish divergence is present .
In past two occasions, multiple bearish divergence gave at least 1000 point move
Resistance 17900
Support 17500
Support 2 17400
Support 3 17200
This is a FED rate hike week and MPC meet, probably to reciprocate FED hike. Therefore, market will remain volatile.
P.S.- This is only for academic purpose. Use strict position sizing and stoploss
A bearish divergence is also present from the previous upmove.
Has Range shift from bullish to bearish occurred?
H1 : A bearish divergence is present .
In past two occasions, multiple bearish divergence gave at least 1000 point move
Resistance 17900
Support 17500
Support 2 17400
Support 3 17200
This is a FED rate hike week and MPC meet, probably to reciprocate FED hike. Therefore, market will remain volatile.
P.S.- This is only for academic purpose. Use strict position sizing and stoploss