If the price hovers below the trend line, making a range/consolidation. Then the trade will be invalid because the price may go down to the Higher Time Frame's Ascending trendline.
In that case, we would be looking for a deeper pullback before moving up.
In that case, we would be looking for a deeper pullback before moving up.
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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.