Bullish tilt
1) Correction phase
-Structure: Expanding triangle
2) Fib levels intersecting w bottom trendline
-high probability setup
Alternate analysis - bull flag forming
Key level of 4446 is still holding so we will maintain the bullish-bias till structure is broken.
Personal Opinion
a) Nimble trader and create "what-if" scenario
b) Once an analysis is done, risk management must be in place
c) Patience is key
1) Correction phase
-Structure: Expanding triangle
2) Fib levels intersecting w bottom trendline
-high probability setup
Alternate analysis - bull flag forming
Key level of 4446 is still holding so we will maintain the bullish-bias till structure is broken.
Personal Opinion
a) Nimble trader and create "what-if" scenario
b) Once an analysis is done, risk management must be in place
c) Patience is key
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.
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.