* using 2 day timeframe
1->3 : creates a lower low ,
number 2 is now a solid
major high
3->4 : returns to the turning point
between buyer and seller power and
shows rejection at number 4 ,
confirms a second time
what do I think will happen next ?
* we need to wait for a micro bearish pattern before
considering a trade to join the downside
* bearish divergence on rsi ,mfi and accum/dist
* overbought at the number 4 top for rsi and mfi
* broke upside structure with number 3
1->3 : creates a lower low ,
number 2 is now a solid
major high
3->4 : returns to the turning point
between buyer and seller power and
shows rejection at number 4 ,
confirms a second time
what do I think will happen next ?
* we need to wait for a micro bearish pattern before
considering a trade to join the downside
* bearish divergence on rsi ,mfi and accum/dist
* overbought at the number 4 top for rsi and mfi
* broke upside structure with number 3
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.