- daily up trend - h4 bullish structure - h1 in range market (correction) may continue to push away from this zone to previous high
- daily uptrend structure - h4 creates higher high and higher low and break away from previous resistance area
- daily up trend structure with higher high and higher low - h4 creates corrective pull back phase - h1 starts to break from corrective phase with up trend structure
- daily is in up trend structure. - test previous support on daily timeframe - morning star on support
- daily morning star on support on up trend - h4 creates higher low (wait for enough confirmation of bullish structure) - h1 still under previous high structure. If it breaks above previous high, retest of this high might be a good place to put in buy order
- daily morning star on area of support and up trend overall structure - h4 creates mini pull back and continue bullish momentum - h1 pushes away from previous high
- daily respects trend line with bullish price action - h4 creates bullish structure with higher high and higher low - h1 rejects from area of support impulsively
- daily up trend with bullish candle respects the trend line - h4 morning star pattern on area of support - h1 impulses up from higher timeframe trendline and creates pull back toward support area on h1 timeframe - 15m doji and rejection from previous structure
I am looking for wick rejection around support. After that I will set my stop lose below the support and aim for previous resistance.
It looks like we are in ranging market. it hovers along short term resistance line and might reverse back down.
Beautiful downtrend pattern. Coming up to respect 20MA again and will reverse back down.