Monthly timeframe
- Bullish M not completed yet
- Flat wall
- Targeting at least the 166.000 region
Weekly timeframe
- Bullish indicational candle
- Selling region/weekly high could've been used as resistance, instead we are trading back above
- Bullish market structure
Daily timeframe
- Bullish impulse followed by a bearish correction
- 90% rule kicked in
- Bullish M (we can see the break on the 4H timeframe)
- Precise tap of the last weekly high and using it as support
4H timeframe
- Deceleration -> given the strong bullish reaction within the deceleration I go to the lower timeframe (2H/1H) to see whether a pattern has formed there
1H timeframe
- Bullish M without break of structure
- Bullish M not completed yet
- Flat wall
- Targeting at least the 166.000 region
Weekly timeframe
- Bullish indicational candle
- Selling region/weekly high could've been used as resistance, instead we are trading back above
- Bullish market structure
Daily timeframe
- Bullish impulse followed by a bearish correction
- 90% rule kicked in
- Bullish M (we can see the break on the 4H timeframe)
- Precise tap of the last weekly high and using it as support
4H timeframe
- Deceleration -> given the strong bullish reaction within the deceleration I go to the lower timeframe (2H/1H) to see whether a pattern has formed there
1H timeframe
- Bullish M without break of structure
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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.
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.