So in the previous entry, I was in location but didn't wait for Momentum confirmation AND structure, NOW we have both.
This is how the hourly looks on the 1hr, line neckline, macd confirmation, and Willy ema cross over. STOP Over the range high.
Basically this is something I was waffling on but it's just a bearish bot set up with Dash care of the Brian. Anywhoo, I was hesitating on it because you know we're heading into reload zones and you shouldn't be hunting shorts in reload zones. Oh well, time will te-hell.
To Summarize, I was thinking / hoping it would break down into the RLZ but it didn't and with this strong consolidation and 3 lows to defend my trade and no divergence setting up on a Daily / 4 hr, I see no reason why it can't go upppppppppp
I was expecting / hoping this would dump, but we have a strong consolidation here and on a higher time frame, no divergence setting up.
3 lows to defend the trade, seeing a W confirm near the 25% level.
Paper Trading the 1 hour - Although I admit at the moment trade location isn't great, just testing out a theory with the 1hr divergence on the RSI and MACD. Willy stupid overbought.
If it does hit, then we go into Bot Bearish Set up