Updated Outlook [EU]
Market hit the major OB and reversed on the 4H chart, starting the downtrend.
I anticipated a pullback at an internal minor OB but the selling pressure was too high.
Now waiting for minor pullbacks before jumping in on the downtrend.
Target for the minor downtrend is the 4H low. Then we may anticipate the possibility of a major retracement.
My last idea missed the insight that we should be selling due to the major trend reversal.
I anticipated a pullback at an internal minor OB but the selling pressure was too high.
Now waiting for minor pullbacks before jumping in on the downtrend.
Target for the minor downtrend is the 4H low. Then we may anticipate the possibility of a major retracement.
My last idea missed the insight that we should be selling due to the major trend reversal.
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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.