Ive been awaiting the 12hr cross to downside (Lower pane) as labelled in the image.
As can see from previous bottom, switch in bias and divergence happened actually was the bottom while traders called 10k.
From my experience the 12hr is a reliable indicator for future price swings. Looking in on the 4hr, can see liquidity steals with structure to move higher, this upper range is stealing liquidity to push price lower... Currently squeezed into scalper level.
Lets see how this one plays out. Usually i would look to add to position on scalper level retests, but with the heavy divergences, lack of retracements and a few other details, i will expect some downside...
As can see from previous bottom, switch in bias and divergence happened actually was the bottom while traders called 10k.
From my experience the 12hr is a reliable indicator for future price swings. Looking in on the 4hr, can see liquidity steals with structure to move higher, this upper range is stealing liquidity to push price lower... Currently squeezed into scalper level.
Lets see how this one plays out. Usually i would look to add to position on scalper level retests, but with the heavy divergences, lack of retracements and a few other details, i will expect some downside...
Note
Scalper held as usual... was trying to front run a reversal here, had a move up out of the range and went to new highs but has since come back into range, which is intresting indeed, still holding for now... Note
The Bottom pane (OVERWATCH) is about to switch down again and will print another red candle... (if it does switch down)Note
point at where it closed out of the lower range, searching for higher prices... Note
12hr candle flipped back red. Currently being supported on 4hr chart by scalper level and counter trend channel. Note
Note
Third day now....Scalper still holding price.... if that gives way then down move is on... had another liquidity grab late last night which makes two failed moves to the upside. Daily fibb i posted last night is a serious outloook, something i would not want to play out, but ready... this would be the leg up before that move down... would likely come quick too eg black swan. Note
INVERSE CRAMER INDICATOR....Note
Finally, we have the combination of Overwatch Upper boundary touch plus Divergence, 12 Overwatch EMA cross to downside, Scalper level broken to downside (Trendmaster)Usually... and i say usually, this is when we will start to see the movement to the downside. I have coded an E9 Multi VWAP, Can see it located exact top before retracing. Cheeky!
Note
Didnt even check the High Tide level before previous update, bounced on the daily TM pro scalper, but rejected, still holding for a move down. Note
Grinding lower, touched 22350 this morning.... Note
There we have it, sweeping liquidity across the lower range, very early to the party... Trade closed manually
Covered here incase of a short term pull back up into the range... or could see a new high be formed, this was the move i was after back down into the trendmaster blue area... could see a bounce here, but more downside if trendmaster levels break (heavy blue lines)
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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.