A clear bullish divergence has formed on the NML 4-hour chart, with price making lower lows while the RSI (14) has formed higher lows. This signals weakening selling momentum and a potential trend reversal.
Levels:
Rationale:
The divergence suggests a shift in momentum. RSI at ~61 confirms bullish bias without being overbought. The trade offers a favorable near 1:1 risk-to-reward on TP1.
Disclaimer:
This idea is for educational and research purposes only, based on technical patterns. It is not investment advice. Always conduct your own analysis (DYOR) and manage your risk carefully before entering any trade.
Levels:
- * Entry:149.06
- * Stop Loss: 140.93 (below the recent swing low)
- * Take Profit 1: 157.19
- * Take Profit 2:165.32
- * Take Profit 3:173.45
Rationale:
The divergence suggests a shift in momentum. RSI at ~61 confirms bullish bias without being overbought. The trade offers a favorable near 1:1 risk-to-reward on TP1.
Disclaimer:
This idea is for educational and research purposes only, based on technical patterns. It is not investment advice. Always conduct your own analysis (DYOR) and manage your risk carefully before entering any trade.
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.