I'm currently short, but seeing an oppertunity here for a short trade if your in for short (time-frame). This also could be a possible inverse H&S for the bull side of the argument.
Watch this chart real-time HERE
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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