Here we see the reference point 1 That hidden divergence price as a continuation in the micro downtrend
. From alpha to 2 in reference to 1 the rs shortening the downward thrust that accumulation and challenged the reference point 1.. where higher timeframe sellers sold from.. buyers broke that point taking the resistance of the buck thus invalidation the hidden divergence.. as A n B are simple divergence in a bear trend with rsi a reaching above rsi 80..
Theoretically price shouldn’t break the rs but we sl the alpha. With the rs as a reference.
. From alpha to 2 in reference to 1 the rs shortening the downward thrust that accumulation and challenged the reference point 1.. where higher timeframe sellers sold from.. buyers broke that point taking the resistance of the buck thus invalidation the hidden divergence.. as A n B are simple divergence in a bear trend with rsi a reaching above rsi 80..
Theoretically price shouldn’t break the rs but we sl the alpha. With the rs as a reference.
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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.