1->3 : number 2 are solid sellers after
number 3 defeats buyers from number 1
3->4 : buyers return to solid number 2 sellers
next?
* bearish continuation expected, additional
confirmation as per larger structure and
percise return to market turning point,
I chose to focus on the more micro (relative)
structure as it represents the overall idea
more concisely and gives a better RR
* hidden divergence ( red line vs indicators hidden
on this chart )
* obv kept in downtrend
number 3 defeats buyers from number 1
3->4 : buyers return to solid number 2 sellers
next?
* bearish continuation expected, additional
confirmation as per larger structure and
percise return to market turning point,
I chose to focus on the more micro (relative)
structure as it represents the overall idea
more concisely and gives a better RR
* hidden divergence ( red line vs indicators hidden
on this chart )
* obv kept in downtrend
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