#TLM is currently forming a Bearish Flag pattern on the 4H timeframe – a classic continuation setup indicating potential downside.
Key Observations:
Price is consolidating within the golden zone of the Fibonacci retracement.
We’re closely watching for confirmation signals before entering a short position.
Bearish Confirmation Triggers:
Bearish Divergence on RSI
Break of Support Level (flag support line)
Break & Retest of the 0.5 Fib level
️ The more confirmations we get, the stronger the case for a bearish move. Patience is key – wait for the setup to mature and always use proper risk management. ️
Plan: Enter short after confirmation of at least one major bearish sign. Look for confluence to increase trade reliability.
Let me know what you think! Are you shorting #TLM? Drop your analysis or charts below
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