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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.