On the daily timeframe market has made a nice technical correction to the 0.382 fib now we are expecting a continuation to the upside and a second bullish impulse to form a new high from a daily perspective, on the 4hr timeframe during the correction market has formed this counter trendline, we are waiting for a break above the counter trendline and a new higher high to form from a 4hr perspective giving us new bullish structure, if then all rules are met we will take the long.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.