H4 - Hidden bearish divergence, downtrend line is being respected.
H1 - Double wave up, bearish divergence.
Aggressive approach: Wait for the price to break below the most recent uptrend line and join the bears.
Conservative approach: Wait for the price to break below the uptrend line and then look for a correction and then go short with the break of the most recent uptrend line (Double trend line breakout principle).
H1 - Double wave up, bearish divergence.
Aggressive approach: Wait for the price to break below the most recent uptrend line and join the bears.
Conservative approach: Wait for the price to break below the uptrend line and then look for a correction and then go short with the break of the most recent uptrend line (Double trend line breakout principle).
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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.