This post is a confirmations aggregator for the main idea in questioning:
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I've looked at the indicators and saw... sea calm on 30m...(see the above chart, no confirmations yet)
Overbought on 4h:
Overbought on daily:
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As of yet - a few not critical confirmations of the IMMINENT CORRECTION have just appeared(today) on daily and 4h.
Now waiting for the 30m to catch up))) 12 hours of the deep calm should result in a wide 8h-50hours long imminent horizontal or deep correction 2.4-8 figures down. But still the sea is calm, the volume is non-existent.
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Consider the above stated together with the root ideas in your analysis:
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Going scenario #II? A good time for a buy-in. Suspecting another dip at 7750, waiting to see what happens next...
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have just went "the most probable I". Will we drop to 7700? The second most probable? - sure. But we will redo 8150 first(small bullish counterattack) .
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Two strong divergences confirm. The Classic Bullish tells that the current 8500-7700 downtrend is loosing its power already, and the Reversed Bearish confirms the bulls attempting to counterattack. Both are divergences class A, thus signalling pretty strong.
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Another bullish cl.A divergence! Another reason to long this nice dip! Moontime, baby!
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