S&P 500 Divergence of Price vs. CCI + Trendline about to break
Updated
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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