Going down and then an uptrend...All lines are 90° angles...Bear divergence...
Trade active
Notice that the 90° angle tactic is a good indicator for trendreversal...red crossline are exactly 90°..A little deformation on the chart but try it yourselve on your own chart ( reset chart etc...)...
Trade active
Has reached the lower channel and 90° angle trendline..FIB 38.20%....
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.