Higher timeframes in a strong downtrend, then on the daily market broke below support with a strong bullish impulse which was followed by a nice slow correction, now we are expecting a push to the downside to form a lower low from a daily perspective, on the 4hr we can see everything is still bullish market is respecting this counter trendline and forming higher highs higher lows, if we get a break below the counter trendline and a new bearish structure to form we will be looking for shorts.
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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.