Likely that divergence is forming on macd. Wait for the next few h4 candles to close before making any conclusions.
Note
Still very cautious about going long at this point Note
The setup changed a bit since there was no sharp downwards movement.We could see some sideways movement while, macd falls and then one more push up but still with divergences on the macd. Then a big drop!https://
Note
This is playing out exactly as expected. The price is crawling upwards but MACD still showing divergence.Note
We now broke the trend line and further downside is to be expected.
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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.