It is below the 4h channel bottom line and trying to break out(A) the current trend. There are four different scenarios before it fully conforms the bull pattern(HH/HL).
Note
So far B4 is the choice of the market. Here is the next 3 scenarios.Note
C2 was the choice of the market. Now it is ready to break out the flag. In the flag, hope the market gets enough nutrition to go for a long run.
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.
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.