This is just a latest version of As you can see, we are back where we started. Same follow/fail pattern keeps repeating over and over again. Selecting the latest low or high and plotting the lines on both chart - its that simple. It's a good and simple way to confirm other signals
Note
So, here we go. Pay attention to the white box (2 level) on both charts
Note
Lets zoom in. 4 h charts are slow :) so, here is 1h the red fat line
Note
BTC failed and the rest followed. (Fat pink line)
It's highly probable that the S will be tested. Same story - if one bounces, will it take the rest or if one fails and drags down the rest.
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.