1. A beautiful double bottom / W pattern has formed on the 4H.
2. The market has fulfilled the MAIN SUPPORT ZONE of the breakout candlestick on the left - 1H
3. A THIRD TOUCH on the trendline has been confirmed on the 1H as well
4. A failed DOUBLE TOP movement at the CMP(3.388) indicating bullish bias has more influence
5. I used the W pattern/structure before the failed DOUBLE TOP movement at MP(3377 - 3381 as my SL. Why? I base my SL's on market structure. Makes everything easier.
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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.