BIDU Charts

 BIDU 1 min intraday leading negative trend

 There was definitely a strong positive divergence at the recent lows and the 3 min negative divergence should pull BIDU back, as you will see on the longer charts though, the positive divergence is much stronger than the negative divergence.

 5 min positive and current negative divergence, suggesting a pullback, but a constructive pullback, this is one that looks like the trade will come to us.

 The 15 min chart shows the positive divergence clearly, but notice how the negative divergence doesn't have enough strength to make much of an impression on the longer charts.

 The 30 min chart showing the positive divergence as very strong and barely registering the negative, this is why I think a pullback would most likely be a buying opportunity or in most of our cases, an add to opportunity.

 The 60 min doesn't even register the negative divergence in place on the intraday charts.

The 4 hour shows where we entered our core BIDU shorts in the yellow box on a head fake move up and the recent positive divergence building in BIDU.

I'd still be on the look out for a pullback to add in to or perhaps start a new long position at least for a sub-intermeduiate up trend, we'll want to confirm any pullback, but I think it's highly likely they'll show positive divergences.