Let me share my idea.
Yesterday upswing is followed by the cross of the blue and red MA. The blue MA is giving support to continue north. The cyan MA is in the middle meaning consolidation . The price is trying to find support below the blue MA. If cyan MA crosses down blue MA it would be an opportunity to buy knowing that the alive breakdown fractal is the stop loss level or reverse level. If cyan MA crosses up red MA it would be an opportunity to buy at the break up fractal.
Will see what happens.
Yesterday upswing is followed by the cross of the blue and red MA. The blue MA is giving support to continue north. The cyan MA is in the middle meaning consolidation . The price is trying to find support below the blue MA. If cyan MA crosses down blue MA it would be an opportunity to buy knowing that the alive breakdown fractal is the stop loss level or reverse level. If cyan MA crosses up red MA it would be an opportunity to buy at the break up fractal.
Will see what happens.
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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.