DislikedCheck it out. DBLHC at a confluence of fib retracements (not all shown). The daily chart had shown bearish divergence at the end of April. Does this cloud the potential? I will watch for P/A on smaller timeframes if we retrace Fridays bar.Ignored
Bullish PA in a uptrend and Bearish PA in a downtrend it not a bad way to start. Add some supporting confluences and you have yourself a potential high probablilty trade.
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Indicators show the past. Price Action "Indicates" the future.