After hitting the golden mean ratio on the previous dragon structure, price has consolidated in the formation of another dragon within the first's tail. MACD showing seller exhaustion in a similar manner as the previous structure, and a higher low being confirmed on the RSI as well.
Note
I failed to observe the bearish convergence, following the bearish divergence, rather than the bullishness that I had originally thought.
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.