The correction is valid, and the daily is in sync with H4 in the short countertrend.
There is a clean (not yet tested) brekout on H4 that may stop the price from falling, but scale-in is possible when the valid H4 long countertrend breaks.
Target zone is the daily 138.2 and the correction fibo 38.2 levels.
โโโ
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present.๐๐ผโโ๏ธ
Your comments and support are appreciated!ย ๐๐ผ
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.
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.