We have in view a Drop Base Rally concept which may be validated by a qml too.
Completing a Cypher's D leg to meet the DBR point. Possible FakeOut, making a QML.
Price has had a strong drop on the 4hr tf, when we look at the 2hr and 1 hr there is a strong supply zone. DBR in progress Order set 6: 1 rr
Quick counter-trend setup on the EURUSD due to the formation of a 60-min demand area inside of a daily demand area (gray). The latest leg down on the 60 min has already eaten some of the buy orders of the gray demand area but I believe there are quite some orders left. Hopefully this can produce us a 1:1 Risk:Reward winner. Entry where indicated on the chart (the...
The newly established 15 minute uptrend and the broken downtrend (red trendline ) indicates that the higher timeframe's (6hr) pink support area is important and that buyers are pushing up from this area. Hopefully we can retrace down to our indicated red area and then continue the upmove, getting a small a 1:1 Risk:Reward winner, as indicated on the chart....
XLP on the 15-minute chart rallied out of its base. If prices reaches the demand zone between 56.04 and 55.97, I'd want to be a buyer.