Possible ICI set up #EMC
Price is bouncing off the top of a bullish M Channel. Last week was a nice pullback.
Looking for price to continue bearish at a minimum to the middle of the M Channel area.
M = monthly
Price is bouncing off the top of a bullish M Channel. Last week was a nice pullback.
Looking for price to continue bearish at a minimum to the middle of the M Channel area.
M = monthly
Trade active
The 4H has closed above previous structure. Price may be reversing bullish at this point. However initial idea has been violated for drawn zones by the Daily bullish pressure. Will continue to monitor. Trade closed: stop reached
Price didn't continue bearish. Stops would've been hit if I was in a trade.
Catch profits with me!
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Catch profits with me!
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.