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Based on lower time frames, it seems like there is a retracement that has started. In the video below we cover the following reasons why on the lower time frame charts:
• Bearish divergence on the 4-hour chart
• Price has been “overbought”
• Reversal candle
• RSI Sell signal
• MACD Bearish Crossover
• Sell signal
In this video, we cover all the reasons why we could see lower prices, potential targets, & the next buy the dip scenario. If price doesn’t find support at target 4, then we’ll start talking about longer-term lower targets. Check out the 12 minute video here! 👇
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Disclaimer
The contents of this newsletter are expressed in my opinion only, none of which is financial advice. Always do your own research as this information is intended for educational purposes only.
Any suggestions, comments or questions, please feel free to direct message me on twitter @JesseOlson. Thanks for reading!