TITAN- Hidden Bearish Divergence SELL!
Attached: TITAN Daily Price Chart as of 22nd March 2023
Price has triggered a SELL Signal today on account of the following reasons:
1) Hidden Bearish RSI Divergence as RSI puts in a Higher High but Price puts in a Lower High
2) Price has come back to Retest a Prior Support Zone which now can act as Resistance
3) Dow Theory Structure of Lower Highs and Lower Lows still intact so it is a Down Trend and NO Trend Reversal yet
4) Elliot Wave Count suggest Price is ready to start Wave Z down of its complex correction
Our Plan of Action is:
Short at Current Market Price= 2508
Stop Loss > 2550
for Downside Target Open to 2270
Price has triggered a SELL Signal today on account of the following reasons:
1) Hidden Bearish RSI Divergence as RSI puts in a Higher High but Price puts in a Lower High
2) Price has come back to Retest a Prior Support Zone which now can act as Resistance
3) Dow Theory Structure of Lower Highs and Lower Lows still intact so it is a Down Trend and NO Trend Reversal yet
4) Elliot Wave Count suggest Price is ready to start Wave Z down of its complex correction
Our Plan of Action is:
Short at Current Market Price= 2508
Stop Loss > 2550
for Downside Target Open to 2270
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
การนำเสนอที่เกี่ยวข้อง
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน