Hi.
That's what I watch.
A regular bearish divergence is confirmed on the 1W chart.
So what? Over the last couple of years, there's been a pattern
of consecutive bearish divergences.
And yet there was never a real decline.
That's what I watch.
A regular bearish divergence is confirmed on the 1W chart.
So what? Over the last couple of years, there's been a pattern
of consecutive bearish divergences.
And yet there was never a real decline.
Trade active
So then I switch to the 1M chart.
Oh yes, the month has not closed yet and I am waiting
with interest to see if the hidden bearish divergence
will be confirmed on the monthly chart.
Note
But that's not all.
There is a chance to get the same one on the 3M chart in the summer.
From what I conclude that for the time being the conclusions on the weekly chart are not a priority.
Note
Note
21 July looks like a very interesting time when candles will be above the thin shea line. in addition a possible hidden bearish divergence of this magnitude will help the process.
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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.