The market is at a break of a countertrend line.
All the timeframes show a bullish trend (brown lines), so as long as the H4 impulse base (brown H4) is not broken, and H4 waves keep going up, the expansion may come at the countertrend break on the lower timeframes.
However, we are after a huge run bumping into an H4 breakdown (turquoise), and a daily break below the daily impulse base (brown D) may start a deeper correction.
———
Stay Patient, Stay Disciplined!🏄🏼♂️
Your comments, questions, and support are greatly appreciated! 👊🏼
All the timeframes show a bullish trend (brown lines), so as long as the H4 impulse base (brown H4) is not broken, and H4 waves keep going up, the expansion may come at the countertrend break on the lower timeframes.
However, we are after a huge run bumping into an H4 breakdown (turquoise), and a daily break below the daily impulse base (brown D) may start a deeper correction.
———
Stay Patient, Stay Disciplined!🏄🏼♂️
Your comments, questions, and support are greatly appreciated! 👊🏼
Note
The market created a bigger neutral zone. There no room to trade the correction, waiting for the H4 to turn back bullish.
Day trader capitalizing on the expansion phases of emerging trends.
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Day trader capitalizing on the expansion phases of emerging trends.
MORE CHARTS & FREE EDUCATION // coming soon
SUBSCRIBE 🚀 themarketflow.trading
MORE CHARTS & FREE EDUCATION // coming soon
SUBSCRIBE 🚀 themarketflow.trading
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.