We’ve had a brief 4H UT since 24 Nov 2019. Right now it is retesting a major resistance level and has formed a tweezer top. I’ll be looking for a break downward in the RSI across its trendline for a possible short entry.
Note
I never did get into this trade. And if I had used it exactly as show, it probably would have gotten stopped out with the SL being just a LEEETLE too tight where it retests the top of the tweezer top. But in overview the analysis looks sound.At this point, I would move the SL to BE.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.