Small hump deconstructed
1 small hump
Can you see the 3 sets of 3 segments?
3 sets of 3 segments
A full paragraph to be read.
1st set of 3 segments
Upward set
I am going up, but finished with reds overpowering greens...this potentially foreshadows that the next set of 3 segments might not be as strongly bullish.
2nd set of 3 segments
Flat set
I started going up, but my 2nd segment is showing green weakening and decided to go down by my 3rd segment. Therefore in the next set of 3 segments, look out for potential stronger rejection (bearish signal).
3rd set of 3 segments
Downward set
Hooray there is a 3 day stronger rejection on the first segment! Time to bet bearish! Since the rejection presented itself as the 1st of 3 segment, you could ride it down for 2 more segments.
3 day rejection found!
On top of 1st segment
3 day rejection cleaned up
On top of 1st segment
3 day rejection
3 day rejection cleaned up
On top of 1st segment
3 day rejection cleaned up
3 day rejection cleaned up
3 day rejection cleaned up