This exercise was in identifying liquidity.
I do have extra steps on this chart as well.
Red wicks/horizontal rays are when sellers entered the market and green wicks/horizontal rays are when buyers entered the market.
The steps I added, were also identifying had liquidity been tested or cleared (labeled).
WEEKLY sell (red) trend line) and buy(green) trend line.
The daily trend is the yellow trend line.
Blue lines are divergence.(all divergence not labeled)
I do have extra steps on this chart as well.
Red wicks/horizontal rays are when sellers entered the market and green wicks/horizontal rays are when buyers entered the market.
The steps I added, were also identifying had liquidity been tested or cleared (labeled).
WEEKLY sell (red) trend line) and buy(green) trend line.
The daily trend is the yellow trend line.
Blue lines are divergence.(all divergence not labeled)