We're looking at 3 complete fractals and the fourth one being the current one. Same phase as the last, a bit of sideways trading/consolidation then aggressive buying breaking out to the upside.
Price action has been trending upwards with HHs and HLs and we're currently at a Lower High bouncing off the lower trendline below.
Would be ideal to look for long positions only for this setup as bulls are looking stronger from this view.
~300pips going into the 3rd wave.
Price action has been trending upwards with HHs and HLs and we're currently at a Lower High bouncing off the lower trendline below.
Would be ideal to look for long positions only for this setup as bulls are looking stronger from this view.
~300pips going into the 3rd wave.
NathanAL
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NathanAL
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.