H4 - Price reached the critical zone and moved lower, bearish divergence.
We may now expect one more push higher with the price reaching the critical zone again, we may then start looking for sells with bearish evidences.
H1 - Hidden bullish divergence. One more push higher is very likely to happen in the short run before the move down.
Invalidation: If the price moves higher, breaks and holds above the H4 down trend line with momentum then this setup will be invalidated.
We may now expect one more push higher with the price reaching the critical zone again, we may then start looking for sells with bearish evidences.
H1 - Hidden bullish divergence. One more push higher is very likely to happen in the short run before the move down.
Invalidation: If the price moves higher, breaks and holds above the H4 down trend line with momentum then this setup will be invalidated.
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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.