US30 1D Timeframe
The market is losing bullish momentum. Possible Head and Shoulders may form over the next week.
One (Red)
RSI Divergence on the daily timeframe.
Two (Yellow)
Price was in a range before price pushed to the -61.8 and created double top on the RSI.
Three (Grey)
Price hit the top on the channel. And make correction to the bottom of the trend, not quite touching it. It retraced to the 50%channel and botched off the bottom.
The market is losing bullish momentum. Possible Head and Shoulders may form over the next week.
One (Red)
RSI Divergence on the daily timeframe.
Two (Yellow)
Price was in a range before price pushed to the -61.8 and created double top on the RSI.
Three (Grey)
Price hit the top on the channel. And make correction to the bottom of the trend, not quite touching it. It retraced to the 50%channel and botched off the bottom.