An overbought BEARISH bias is applicable below 58962.
Trade setup probability: -85%. Target: 58256. Stop-loss: 59326.
Downside price momentum supports the bearish trend direction. RSI is at 79 (extremely overbought).
High probability trading is a good starting point but you must also consider some other important metrics to help maximize your profitability.
A higher positive probability percentage supports a bullish trade setup, whereas a higher negative percentage supports a bearish trade setup.
Trade setup probability: -85%. Target: 58256. Stop-loss: 59326.
Downside price momentum supports the bearish trend direction. RSI is at 79 (extremely overbought).
High probability trading is a good starting point but you must also consider some other important metrics to help maximize your profitability.
A higher positive probability percentage supports a bullish trade setup, whereas a higher negative percentage supports a bearish trade setup.
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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.
Disclaimer
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.