Bearish Indications (BIASED SHORT) 1. Rejected or retest from a resistance level 2. Formation of Bearish Diamond Pattern 3. Trend Line Broken 4. Bearish Divergence 5. Entry at Bearish Candle
Neutral Indication 1. Price still in the range/consolidation phase
Bullish Indications 1. By Breaking the resistance level and making a new HL then the trend will be bullish
Interesting chart pattern recognition but Its a major bull trend . I am not sure if only some bearish candles and a trend line break would indicate a bearish reversal . It is a due a major correction but clear signs have to show
Please check my idea on this
hassamsaeed
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@vortexTradingSolutions, Yes I know it is a bull trend but divergence also shows it will become soon a bearish trend, as well as the trend is not already mature enough to take a reversal ? Let's see what happens. Btw Thanks for pointing out another direction
hassamsaeed
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vortexTradingSolutions
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@hassamsaeed, awesome work buddy . Good to see this angle as well . Will do more research
Please check my idea on this