The market is in a neutral zone, so there is no use going down in the timeframes.
The primary bull trend may continue after the Daily impulse base (brown) is broken on the daily, but the best chances are in the expansion above the clear H4 breakdown (green).
In this case, the weekly target fibo 200 is my target.
On the short side, it's more risky now, since the market is in the accumulation phase, but below the H4 impulse base (also brown), we have a chance to visit at least the daily zone again (blue dashed).
Stay Patient, Stay Disciplined!
🏄🏼♂️
Your comments and questions are very much welcomed, not mentioning your boosts! 👊🏼 😀
The primary bull trend may continue after the Daily impulse base (brown) is broken on the daily, but the best chances are in the expansion above the clear H4 breakdown (green).
In this case, the weekly target fibo 200 is my target.
On the short side, it's more risky now, since the market is in the accumulation phase, but below the H4 impulse base (also brown), we have a chance to visit at least the daily zone again (blue dashed).
Stay Patient, Stay Disciplined!
🏄🏼♂️
Your comments and questions are very much welcomed, not mentioning your boosts! 👊🏼 😀
Note
Seems like H4 came in sync with the daily. We have a strong daily support zone, so shorts may have only potential till the lows, but bulls should definitely be waiting.Note
The daily looks nice, still has some room, but daytraders should consider taking profits.Note
Went all the way down to 50%
Day trader capitalizing on the expansion phases of emerging trends.
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Day trader capitalizing on the expansion phases of emerging trends.
MORE CHARTS & FREE EDUCATION
SUBSCRIBE 🚀 themarketflow.trading
MORE CHARTS & FREE EDUCATION
SUBSCRIBE 🚀 themarketflow.trading
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.