11-07-2022 _ Update Short Term Bearish Idea _ RUNEUSDT H4

That’s a follow-up analysis on Short Term Bearish Idea _ RUNEUSDT H4 originally shared on 08-07-2022
1- Protection was tight @ 2.5 whereas the high of the candle was @ 2.528, therefore Stoploss Hit.
2- The price action created a False Breakout with Bearish Divergence on the MAs.
3- The price action created an Evening Star formation, therefore take re-entry.

Though there was histogram divergence between C' and C but it was all Positive Histogram Divergence. For a safer entry should gave waited for Positive-Negative-Positive Histogram Divergence, which eventually happened coupled with divergence on the MAs.

Though Stoploss Hit but Enter again @ 2.370

Target 1 @ 2.267 ….. Achieved on 11-07-2022
Target 2 @ 2.162 ….. Achieved on 11-07-2022

There are no signs against on MACD, therefore Targets 3 & 4 are intact.