1984 the market made its high and then dropped into a range (r1)marked by a sc thru st,
After this first segment the market fails the reach the resistance of the range high twice from the st ( second test) of the sc resulting in a double top with top 2 placing price at the support of the 1984 range testing for lower prices below the sc.. which started a micro range( let’s call it r2) at support Jan 2015.
Interesting when the market tested demand above r2 the result was a extreme move in the rsi about 70 which only topped at the r2 high made by the dbd orderblock here making another double top within r1 causing a huge divergence ( blue) in conjunction with the monthly 200ma making (2).
After this first segment the market fails the reach the resistance of the range high twice from the st ( second test) of the sc resulting in a double top with top 2 placing price at the support of the 1984 range testing for lower prices below the sc.. which started a micro range( let’s call it r2) at support Jan 2015.
Interesting when the market tested demand above r2 the result was a extreme move in the rsi about 70 which only topped at the r2 high made by the dbd orderblock here making another double top within r1 causing a huge divergence ( blue) in conjunction with the monthly 200ma making (2).