Here's the basic gist why, there are plenty of confirmation charts I can add, but trying to work through a lot of assets here.
XLF 1 min leading negative
XLF 2 min with migration-leading negative badly
3 min also migration and leading negative badly
5 min also leading negative badly, both trend and local.
10 min relative negative
2 hour-big picture, not only has the price trend seen a change in character, but the first divergence flattened out Financials, the second is a stronger leading negative in to a parabolic move.
Changes in character lead to changes in trend", even what appear to be bullish changes in character.
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