Bearish Inverse AB=CD
Bearish Inverse AB=CD
Oscillator Divergence in both RSI and Awesome oscillator .
The blue uptrend channel forming the BC leg was down broken indicating shift in the bullish trend to the downside .
The downside breakout of the bullish blue channel forming the BC leg is tested by a wide range up bar closing near the middle and with a low volume indicating sign of weakness for the uprising market .. More volume spread analysis test bars should be waited to confirm the next bearish movement .
Oscillator Divergence in both RSI and Awesome oscillator .
The blue uptrend channel forming the BC leg was down broken indicating shift in the bullish trend to the downside .
The downside breakout of the bullish blue channel forming the BC leg is tested by a wide range up bar closing near the middle and with a low volume indicating sign of weakness for the uprising market .. More volume spread analysis test bars should be waited to confirm the next bearish movement .
Note
Closeup look showing showing the volume spread analysis sign of weakness "SOW" BAR , Also there is a bearish Anti Alt. Shark almost formed , and a completely formed Anti Nen Star . All showing a shift of the bullish market to the downside Trade closed: target reached
First Target reached
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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.