W1 - Price is close to the bottom of the weekly range.
D1 - Divergence is broken, price is now forming false convergence.
H4 - We have bullish divergence. Once the price reaches the zone shown in the screenshot, we can start looking for buys after we get confirmation of bullish reversal.
Note: If this zone is broken (false breaks are welcome), this setup will be invalidated.
D1 - Divergence is broken, price is now forming false convergence.
H4 - We have bullish divergence. Once the price reaches the zone shown in the screenshot, we can start looking for buys after we get confirmation of bullish reversal.
Note: If this zone is broken (false breaks are welcome), this setup will be invalidated.