Hidden positive divergence on 1d and 1w + bottom of the channel. Should make a big bounce soon. Valid as long as the price doesn't update January 13-14 low.
Note
not 1w, just 1d*Note
now it's on 1w tooTrade active
So we have a huge 1w/1d hidden positive divergence and a bunch of 1-4h regular positive divergences. I think it can't crash from here with such divergences. It can keep making tiny lower lows for some time just for creating new positive divergences untill it finally makes a big bounce to 6050+.Note
I wonder if the price can make a fake return to the channel it had broken out. Normally it shouldn't. But we have 1d regular positive divergence now. I'm sure It will go lower next week, the only question is how high it will bounce.
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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.