Hi folks!
This is just a short and simple post based on the simple principle of concurrent divergence.
We can se a very clear divergence on the 1h here, but the divergence is als very clear almost all time frames (1D and shorter).
Although not marked in the chart, we can also see a massive decrease in volume during the last bounce - this is very rarely a good sign for a bullish move!
Buy/Sell signals according to my principles are marked as blue/red verticals respectively.
Be careful!
DYOR.
NFA.
I wish you all the best!
This is just a short and simple post based on the simple principle of concurrent divergence.
We can se a very clear divergence on the 1h here, but the divergence is als very clear almost all time frames (1D and shorter).
Although not marked in the chart, we can also see a massive decrease in volume during the last bounce - this is very rarely a good sign for a bullish move!
Buy/Sell signals according to my principles are marked as blue/red verticals respectively.
Be careful!
DYOR.
NFA.
I wish you all the best!
Comment:
I forgot to mention my position here - SHORT @46300, TP 30k, SL 52K*
