H4 - Price is at the top of the range, bearish divergence forming.
We have a perfect uptrend line. We may now expect the price to create one more push higher with bearish divergence to complete itself.
We may then start looking for sells with the breakout of the uptrend line.
We have a perfect uptrend line. We may now expect the price to create one more push higher with bearish divergence to complete itself.
We may then start looking for sells with the breakout of the uptrend line.
Commentaire:
Invalidation: If the price breaks and holds above the top of the range then this setup is invalidated (false breaks can be neglected).