Evidently,
1. The Hidden Divergence in teh 4H TF Chart failed:
it is reflected by the 2 purple arrows and it did not work out this time.
Had a wide SL and Got stopped out below the forming Wedge.
2. The 4H TF Chart looks normal now:
Price goes down making a lower lows, OBV does the same (Blue arrows in 4H TF))
3. Now What?
The same blue arrows BUT in the 1H TF show a forming Regular Divergence.
SO Wait and see if:
- the zone of interest/liquidity zone around $2.30 holds
- wait for the Sweep to complete (OR TAKE YOUR CHANCE aournf $2.30) with the move back up creating a Regular Divergence (a Lower Low for price BUT a Higher Low for OBV in the 1H TF)
That is another chance to get in Long
PS: I took my chance.......... I will create a follow up #2
1. The Hidden Divergence in teh 4H TF Chart failed:
it is reflected by the 2 purple arrows and it did not work out this time.
Had a wide SL and Got stopped out below the forming Wedge.
2. The 4H TF Chart looks normal now:
Price goes down making a lower lows, OBV does the same (Blue arrows in 4H TF))
3. Now What?
The same blue arrows BUT in the 1H TF show a forming Regular Divergence.
SO Wait and see if:
- the zone of interest/liquidity zone around $2.30 holds
- wait for the Sweep to complete (OR TAKE YOUR CHANCE aournf $2.30) with the move back up creating a Regular Divergence (a Lower Low for price BUT a Higher Low for OBV in the 1H TF)
That is another chance to get in Long
PS: I took my chance.......... I will create a follow up #2
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.