Compression.
1) Pending BO triangle
2) EW Wave 4 in the making
1) Pending BO triangle
2) EW Wave 4 in the making
Trade active
This set up is working well!EW Wave 4 completed, now going to EW Wave 5!
1) Long, tight squeeze on Daily, with squeeze dots on TF4H and TF1H
2) Price rebound exactly at the triangle's slope (trendline)
3) BO!
4) Histo dark red gets smaller, definitely histo bright green after this
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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.