Alternative hourly chart scenario. The green uptrend channel (rising wedge) holds. Bearish rsi divergence. The common Bearish reversal patterns are the Head and shoulders And the Double top.
  • 2
Here’s the hourly 127 and 161 bullish projections if wave 5 does not hold. Some hourly bulls are buying the pullback towards the swing low. Standard stop is just below the swing low.
  • 1
1 Like