Two consecutive divergences seem to have done the trick.
However, the candle has not yet broken the Ichimoku cloud
(and also the rising trend line) and we need to keep watching.
But it is not a complete reaction for two consecutive divergences, that's for sure.
However, the candle has not yet broken the Ichimoku cloud
(and also the rising trend line) and we need to keep watching.
But it is not a complete reaction for two consecutive divergences, that's for sure.
Note
But the process has already developed so much that daily signals are not enough.
It won't work without a monthly signal.
And I just look every month to see if the reversal has started.
December is coming soon, and I'll check again.
Trade active
Heikuin Ashi's first monthly red candle for the first time in many months.
However, judging by Wave Trend there is no down signal yet (no blue candle).
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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.