@watchthisrise thanks for your chart we do need other perspectives here...now not trying to being a smarty bottom but I`ve put your own TA over a few other examples here..and also corrected the trendline your worried about, (a trendline needs to be drawn from 1 pivot low ie; "support" to the next higher low "support").. support is the trend progress were wanting to track, there`s no reason to set the starting point any earlier than the 1st pivot low, you`ll end up with a totally skewd trajectory out where you need it to be true....in all these examples below with your TA, RSI is still in "continuation".short term price is "resisting the 5 ema", Vol is "increasing" briefly...the lower trend line though has not been broken because we don`t yet have the 1st "higher low" to set a proper trendline to..I will say that price has gone that extra little bit deeper here though not the usual 62% Fib retrace but .78% this explains the sever momentum divergence were seeing..imo... I`ve thrown MEI in as well because a couple here think we should be comparing similar FA....we`re not though its simply comparing price traveling under momentum.![]()
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