Refresher quick course.
The mean on the 1H chart is the E-32 HL2 in yellow aka the Divider/ the Reset (at times it can be the S-30 in green)
The Separator is the E-16 HL2 – blue.
The E-44 (OBI) is light blue.
Bear Configuration means the E-44 on top, the E-32 below and the E-16 is further below.
The Safety lines are 28-pip displacements of the E-32 (0.28 & 2.8).
The purple and red interrupted lines are the displacements of the E-16 (channelling).
P means Partial discharge, meaning price going outside the Safety line and returning back inside. The arrow is a reminder for where price may be returning to from there.
F means full / deep discharge – this goes an extra 10-pips beyond the Safety line and returns.
P / NR – point of no return.
The Monthly is looking at itself in the mirror for some reason.
The idea is to spot divergences of course.
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