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BAD trading
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Bell = new +-9 levels
Arrow = rejections from +-9 levels
Divergence = lower price but not lower RSI,
or higher price but not higher RSI
At 27 July 2021 13.30 hours UTC+7 in a EURUSD 15m chart, ProfitBee59 counted negative bars to -9 and created a new -9 blue level (Bell).
At 14.15 hours, the price came down to an old +9 level and made a local low.
At 15.15 hours, the price made a lower low.
Comparing prices and RSI values between these points of time, the price got lower but RSI got higher. This was a state of divergence suggesting an upward new trend.
At 16.00 hours, the price was rejected upward from the old +9 level. A green arrow was printed.
With this BAD conditions a buy order could be sent out aiming for a TP near another old +9 level which was also the same level as yesterday's high.
BAD trading
==========
Bell = new +-9 levels
Arrow = rejections from +-9 levels
Divergence = lower price but not lower RSI,
or higher price but not higher RSI
At 27 July 2021 13.30 hours UTC+7 in a EURUSD 15m chart, ProfitBee59 counted negative bars to -9 and created a new -9 blue level (Bell).
At 14.15 hours, the price came down to an old +9 level and made a local low.
At 15.15 hours, the price made a lower low.
Comparing prices and RSI values between these points of time, the price got lower but RSI got higher. This was a state of divergence suggesting an upward new trend.
At 16.00 hours, the price was rejected upward from the old +9 level. A green arrow was printed.
With this BAD conditions a buy order could be sent out aiming for a TP near another old +9 level which was also the same level as yesterday's high.
To get access to ProfitBee59 stock graph ai for TradingView and my other invite-only scripts, please go to [ www.readstockgraph.com ].
Please do not ask about access to use scripts in the script's comment section.
Please do not ask about access to use scripts in the script's comment section.
