15 jam yang lalu Elliot Wave Technical Analysis: Elliot Wave recounting & update
Using of EW RSI DIVERGENCE TRADING STRATEGY Method to identify changes in downtrend & uptrend
CHART ANALYSIS
Direction still on heavy downtrend and slightly have a very strong “Bearish Hidden Divergence” Technical trend continue in the long “Minute wave” correction Zigzag Pattern and is expected to make a decrease to the 161% Fibo Extension level as a target over the next 1 weeks
Note: to be able to identify "Divergence" whether Bullish or Bearish , you need to draw or mark manually by finding the change /difference of the trend (Divergence line) between the direction of Price vs RSI Indicator 14 - (can be done in small or large Time frame ) -
EW Note: Elliott wave is not a technique but it is to identify the Direction whether it is Down or Up.
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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.