Daily side:
We see how price has that bullish momentum on its side. Making proper adjustments in structure and making its fibonacci touch ups.
Also Big Inverted Head and Shoulder made with the big drop.
4H timeframe don't lie
Confirmations:
1- Key zone- support (34820) been broken and touch.
2- Market Structure- we have a possible inverted head and shoulder patter forming up ( Just waiting for the right shoulder)
3- Candlestick formation- big morning star formation close to the support and right shoulder forming a bullish engulfing.
4- Waiting for the 4h candle close ( it will be for the validation of the right shoulder for the possible bullish engulfing)
To Play it safe wait for price break (34920) make the proper retest or wait for confirmation #4 (4h candle close) and ride the wave!!
We see how price has that bullish momentum on its side. Making proper adjustments in structure and making its fibonacci touch ups.
Also Big Inverted Head and Shoulder made with the big drop.
4H timeframe don't lie
Confirmations:
1- Key zone- support (34820) been broken and touch.
2- Market Structure- we have a possible inverted head and shoulder patter forming up ( Just waiting for the right shoulder)
3- Candlestick formation- big morning star formation close to the support and right shoulder forming a bullish engulfing.
4- Waiting for the 4h candle close ( it will be for the validation of the right shoulder for the possible bullish engulfing)
To Play it safe wait for price break (34920) make the proper retest or wait for confirmation #4 (4h candle close) and ride the wave!!
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.