We're at resistance here with hidden bearish divergence on the hourly chart. I've seen this kind of setup before and it COULD breakdown from here.
Bulls want to park it above 3900 for the day, Bears want to see this resistance area hold and reject price.
If we break down, it could be for a move lower to Z.
Bulls want to park it above 3900 for the day, Bears want to see this resistance area hold and reject price.
If we break down, it could be for a move lower to Z.
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backtest of trend break
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so far it's a rejection at that level. I'm wrong if it gets over the previous highs. Very possible it does that still.
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Could be a leading diagonal pattern, again invalid over previous highs
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looks good so far
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now a break of the trendline from recent low.
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needs to fall from here, over 3880 and the count looks wrong.
