MakhadoRomeo

MakhadoRomeo

Price broke out of the Descending Channel impulsively earlier, hence I was expecting a to see a continuation correction structure then push to the upside. (Recent structure in dashed lines) But Price ended up reversing back in the Descending Channel again, this indicate that price has not yet finished structure development butformed another LTF Descending Channel...

MakhadoRomeo

HTF is indicating Reversal Signal with confluences as... HTF Double Tops, Ascending Channel Therefore price instead of pushing down impulsively, I'm seeing the price evolving in the LTF into a LTF Double Tops within the HTF Double Tops. I do understand that the price can fail to respect this LTF Double Tops whilst evolve into new structures. However I am...

MakhadoRomeo

The price approched Prev. HH forming an Ascending Channel. Hence this indicate reversal signal with more confluences, like... Double Tops Ascending Channel Reversal Impulse Therefore I'm expecting to LTF Continuation Correction then I can look for Entry. Hence I'm Anticipating price to push to break an Ascending Channel then correction to confirm the selling...