Pros:
1 - Bearish Cypher Pattern (Red formation);
2 - RSI almost in overbought conditions;
3 - It is expected a retrace in the Golden SMA to trigger the move to the downside.
Cons:
1 - Breakout of the support area (Orange Square).
1 - Bearish Cypher Pattern (Red formation);
2 - RSI almost in overbought conditions;
3 - It is expected a retrace in the Golden SMA to trigger the move to the downside.
Cons:
1 - Breakout of the support area (Orange Square).