That would appear to be the case except it's not like Divergence on an RSI or some price based indicator this is activity based volume declining at a steady rate illustrates a principle of volume. I.E. As price rises to higher higher levels the amount of market activity is dropping at a steady rate of decline. Also keep in mind on the larger timeframe the trend is up.
I'll have to search for a screenshot I had of this principle. It's a chart with this exact pattern with a full explanation...
Another reminder to all...Most of the charts I post are food for thought trade potentials or a chart that illustrates some principle of market movement (like this one). I then leave it to the trader to make their own decisions about taking the trade. I.E. Entry stop placement scaling in/out et cetera. Every now then I'll put these on a chart but IMO in the long run it's better to make these decisions on your own.
Lets take our unf share of money out of the markets together!
FYI...Eur yen on 1 hr is in a symetrical triangle.....these are common in 4th waves.....beak out to the upside expected soon but first it needs to do an e wave down....be patient....expected break at least 75 pips to 166.75 zone......
possible scenario for the zar.
now that the zar has finished a 5 w sequence. a zig zag correction .
it looks like he is ready for another move up !!
a break bellow 7.06 will deffer the scenario.
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