Iam still keeping the bullish bias, actually the new downward slope (original Pitchfork) just got more validated, but eventually one of the median lines has to be reached. A close above the sliding parallel will re infirm that.
NQunlocked
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3 scenario's
Fomenka
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Divergence itself is not enough. You can see it happened before on the same chart. I think EU can easily take out your SLs. Be careful.
NQunlocked
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Yes you are right, an extra confirmation (e.g. a retest of the sliding parallel with bullish candle formation would be the ideal situation) but I've posted this idea due to the potential risk/reward ratio and lay out a possible scenario. cheers
NQunlocked
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I actually use Bollinger bands crosses to execute my entries