Disliked...and one more try if i am starting to get it . Sorry if asking too much dumb questions , but this rounding part of the story is new to me and still struggling to identify it right .
Is that what you mean false break of the box ? Looking like we are loosing momentum ?
I see 0.8300 RN is a PPZ . If combined with the rising trendline , divergence , rounding effect (even if this i think is pretty much as divergence) i think it's a nice area to watch for an entry ? Right ?Ignored
yes price is starting to fade, but if you look the whole trend up on the 4hr is just slow and steady with a new high made a retrace, a new high made a retrace. This in turn is going to show divergence and possibly make us think momentum is fading. IN a case like this it's a heads up but I would want to see much more information before acting on it. Strong trends will kill you with divergence. So yes if price starts to fall under a rising TL, or box it could be a sign(when we make a significant lower low). I prefer to see us trickle up to 8500
Best
Mike