1->5 : creates a series of lower
highs and lower lows , number 2
becomes a solid major market low when number
3 closes under number 1 , number 4 becomes a solid minor low( as its part of the minor downflow ), when number 5 closes under number 3
5->6 : returns to number solid major high number 2, intrabar bearish reaction
what do I think will happen ?
* depending on the bar , being inside or lower low than the next would then classify it as a micro bearish structure or not, will have to wait for that
* bearish on rsi,mfi and accum/dist
* overbought on rsi and mfi
* on the daily we are in a downtrend, pulling back currently to some resistance
highs and lower lows , number 2
becomes a solid major market low when number
3 closes under number 1 , number 4 becomes a solid minor low( as its part of the minor downflow ), when number 5 closes under number 3
5->6 : returns to number solid major high number 2, intrabar bearish reaction
what do I think will happen ?
* depending on the bar , being inside or lower low than the next would then classify it as a micro bearish structure or not, will have to wait for that
* bearish on rsi,mfi and accum/dist
* overbought on rsi and mfi
* on the daily we are in a downtrend, pulling back currently to some resistance
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Disclaimer
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Join our public discord : discord.gg/hUUhRKByFt
To access my premium indicators , including unrestricted usage of public indicators ( all timeframes ) : whop.com/chaos-theory-indicator-s-5/?store=true
To access my premium indicators , including unrestricted usage of public indicators ( all timeframes ) : whop.com/chaos-theory-indicator-s-5/?store=true
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.