On the S&P 500 1H Chart, there is a bearish Divergence of Price vs. CCI that shows up above a TD Demand Line (based on TD Points Level 1).
A qualified Trendline-Break to the downside would confirm the bearish signal.
A qualified Trendline-Break to the downside would confirm the bearish signal.
Trade closed: target reached
shortly after the divergence occured, there was another trendline.A qualified trendline-break occured and the R:R based profit-target (1:2) was hit:
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⚡ ProDivergence buy.stripe.com/3cs14e15h6FiaBy6oo
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
⚡ ProTrend buy.stripe.com/4gweV49BN5Be4da8wx
⚡ GET THE CCIDivergence STUDY FOR FREE: bit.ly/CCIDivFree
Related publications
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.