Bulls are still there and reluctant to give up. We hit that low channel hard and it looked like it broke but then a quick recap to take the channel back. Here is an update of the 10-minute chart below.
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This blog is in two parts, one my thoughts on the market and two, develop a trade strategy that I’m calling “Divergence Trade of 3’s”. This is my attempt to bring everything I’ve learned into a tradable system. Taking the key importance of things like Elliot Wave Principle, Fib retracements, Indicators (CCI, MACD, STO, ADX, RSI), Trends or Channels, Trade zones, Divergence and most important the relationships of different time frames I am going to attempt to tie them together.
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