Price been showing very bullish sentiment from last week
currently price is in a larger decending channel DAILY/WEEKLY TF
currently on the 4h we see inverse H&S price currently restesting that neckline in the form of a bullish reversal wedge after short impulse down
also currently price seems to forming a smaller bearish acending channel
but i dont thinkn this is enough to upset the larger move that price is trying to fill to the upside
as price moves in swing highs and swing lows
will be waiting for a break of the reversal wedge and lower bullish Tf to enter a Long trade
currently price is in a larger decending channel DAILY/WEEKLY TF
currently on the 4h we see inverse H&S price currently restesting that neckline in the form of a bullish reversal wedge after short impulse down
also currently price seems to forming a smaller bearish acending channel
but i dont thinkn this is enough to upset the larger move that price is trying to fill to the upside
as price moves in swing highs and swing lows
will be waiting for a break of the reversal wedge and lower bullish Tf to enter a Long trade
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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.