From the daily we can see price is still in a downtrend. It made a quick retracement to .382, hit supply then briefly headed down. So we know our macro trend is bearish.
If we zoom in to 4H now we see the price has pierced the .382 level on the most recent fibs based on price action
Zoom in to 1H we can see a rising wedge--now we see if the market will give us a confirmation, if it does, we enter
If we zoom in to 4H now we see the price has pierced the .382 level on the most recent fibs based on price action
Zoom in to 1H we can see a rising wedge--now we see if the market will give us a confirmation, if it does, we enter
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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.