- Reversal formation identified on the H1 chart.
- RSI is very close to overbought conditions (Daily chart)
- These formation normally give a good 1:1 risk/reward.
Cheers!
- RSI is very close to overbought conditions (Daily chart)
- These formation normally give a good 1:1 risk/reward.
Cheers!
Note
Double Tops formation is now invalid since market price has kept moving up.
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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.