Weekly - looks like the ending of 2nd impulse wave up daily - looking for pullback to 50% - 61% fib, can trade this aggressively then further upside
Weekly - retest of serious low looking to be ending with an engulfing candle after tomorrow Daily - multiple divergence on the MACD and MA 4h -- MA divergence need to break above confirmation area then we can buy pull backs
Weekly - two false breakouts followed by divergence after 2 waves down daily - divergence and false breakouts 4 hour - divergence on RSI, MACD looking to break the downward trend structure and enter on pullback
Motive wave complete looking for corrective phase. Divergence on Moving averages and MACD and RSI
Bullish divergence 3 waves up in pull back looking for ABC breakout or hidden bullish divergence
WEEKLY --- Long term channel with two false breaks and divergence Daily -- False breaks, convergence principle, pull back 1 hour - - convergence, divergence 50% pull back
Weekly :- A bullish flag pattern Daily:- Divergence bullish 4 hour:- Divergence, convergence, pullback with hidden divergence
Weekly cycle concluding with divergence. structure changing with divergence and 1 hour now showing hidden divergence
As per the linked chart showing the bullish flag we expect another leg up. We are at the dynamic trend line of the bullish flag with divergence convergence and an ABC pattern down to almost 50% of the move up (1 hour chart) This is the time to see if buyers come back into the market/.
WE have a move to the upside followed by a bullish flag. the initial move up really is only one leg as there is no significant pullback to call waves. So even if this is a corrective wave we should get one more leg up.
Ask per the linked cycles chart we are looking to trade the range. The 3 impulse waves up shows buyers taking control we now look for 2 wave correction and a breakout
You can clearly see the range we are in on this asset with the current 2 waves down ending with a false break at the support and divergence
As from the weekly cycles. We are now at the bottom of the bullish flag pattern with divergence on the histogram and 3 waves up with an ABC correction and breakout. I expect the next 3 waves up now.
Only ending divergence on histogram on ABC up Bullish flag formation
As per the weekly cycles. Lots of divergence followed by convergence and HH HL structure as long as support holds I see this as bullish
First corrective leg shows no divergence. recent ABC shows divergence and hits support zone
The cycles and flag pattern shown in the linked idea show we are currently at the bottom of the flag pattern. with the divergence and convergence confirmation on the 1 hour chart we look to this making at least a 38% pull back on the last wave down.
After a strong leg up with no pull backs we entered a bullish flag pattern which we can consider the first pull back of an 2 or 3 wave pattern. we had divergence on histogram before the pullback but not on the MA's indicating the upside is not over. See the lower time frames for entry