A perfect Bearish divergence occured on Daily when the Elder impulse system turned blue and allowed shorting (marked by the arrow)and it played out beautifully.
My entry was $1.36
Stop loss was local high @ $1.42 (5%)
It fell to $0.94
My initial Target for profit was $1.15 but then cancelled it and closed around $0.99 (26%)
My entry was $1.36
Stop loss was local high @ $1.42 (5%)
It fell to $0.94
My initial Target for profit was $1.15 but then cancelled it and closed around $0.99 (26%)
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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.