As long btcusd remain above the green line pitchfork (9500). Bullish trend can still be maintain. Vice versa if the price action decide to break and close consecutively below green pitchfork (A).
Bear flag example :
Indicators on 1 day from top to bottom:
Clearly show a bearish movement along side with the momentum indicators.
CMF made a lower high so far but, if the price action somehow maintain above 10100 for a while might had change to create a bullish divergence. Still need couple of day to see that happen.
OBV histogram : new money doesnt come to this market yet and it's show between obv histogram and price action. Made a lower high so far. Still had a room to developed though.
CCI : fall toward bearish zone (below 0) and it tell a sell pressure dominating for recent price action, still no significant sell pressure yet on daily time frame and still long way to go before this indicator reach an oversold level.
Thank you for your time to read this post and please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
