Bearish Inverse AB=CD
Oscillator Divergence in both RSI and Awesome oscillator .
The blue uptrend channel forming the BC leg was down broken indicating shift in the bullish trend to the downside .
The downside breakout of the bullish blue channel forming the BC leg is tested by a wide range up bar closing near the middle and with a low volume indicating sign of weakness for the uprising market .. More volume spread analysis test bars should be waited to confirm the next bearish movement .
Oscillator Divergence in both RSI and Awesome oscillator .
The blue uptrend channel forming the BC leg was down broken indicating shift in the bullish trend to the downside .
The downside breakout of the bullish blue channel forming the BC leg is tested by a wide range up bar closing near the middle and with a low volume indicating sign of weakness for the uprising market .. More volume spread analysis test bars should be waited to confirm the next bearish movement .
Comment:
Closeup look showing showing the volume spread analysis sign of weakness "SOW" BAR , Also there is a bearish Anti Alt. Shark almost formed , and a completely formed Anti Nen Star . All showing a shift of the bullish market to the downside
Trade closed: target reached:
First Target reached