anumurooj2020
Historical Trend: Strong bullish momentum observed. Current Situation: Price dropped after a clear bearish divergence signal. Stock Status: Still in an overall bullish structure. Next Step: Divergence has already occurred ....... preparing to ride the next bullish move.
Simple Bullish Dow Theory applied. No Bearish Divergence detected. Plan: Follow the trend and go with the bulls.
Overall Trend: Bullish. No Bearish Divergence observed. Confirmation: Waiting for a break above R2.Its entry point Stop Loss: Set at R1. Profit Target: At the last Higher High (HH).
.Entered short position after spotting a prominent bearish divergence. .Confirmed double top formation for added confluence. .Market has already formed Lower High (LH) and/or Lower Low (LL). .Conditions aligned and ready for short positioning.
Reasons: .Strong prominent Bearish divergence .Already break last HL Already make First LL
.Making LH or LL .No any indications of reversal .fibonacchi level 0.618 exact on entry point
.No any indications of Reversal .Drive with the trend
.Prominent bullish divergence on RSI .Already break its last LH .Already make first HH
GBPAUD is setting up for a short position as a bearish Crab pattern has formed, accompanied by a prominent RSI divergence. These confluences indicate a potential reversal, signaling a strong short opportunity.
.No any sign of REVERSAL .Continue with the trend.
"After a prominent bullish divergence, the price action has not broken its last lower low. Instead, it has either broken the last lower high or already formed a higher high (HH), indicating potential readiness for the next HH."
.Dow theory performing .No indications of divergence .Go with the trend.
.After a prominent Bullish divergence price action already makes HHs n HLs. .Ready for next HH.
.Bullish divergence on RSI .Already makes HHs and HL .Ready for next HH
REASONS: .After a prominent Bearish Divergence .Reversal pattern Rising wedge occurs .Already break its Last HL .Ready for its projection.
.AB=CD pattern occurs .Price actions make HHs N HLs .Go with the trend.
Ready for next move of GBPCAD Divergence in RSI checked Sentiments are 90+ Bullish Wait for break of HL
Gold has been showing consistent bullish momentum, Drive with the Trend