78.6 Retracement
Weekly
- price is bearish
Daily
- Price in uptrend
- RSI in up trend
- strong structure at 1st TP.
4hr
- Structure marked
- Forming triangle
- RSI is bullish
- price is bullish
1hr
- price at 78.6 retracement
- RSI is bullish
- price is bullish
- respecting trendline
Further considerations
- Whilst price may make small bullish move to structure I will be curious if it can break structure or reverse and follow the weekly trend.
- price is bearish
Daily
- Price in uptrend
- RSI in up trend
- strong structure at 1st TP.
4hr
- Structure marked
- Forming triangle
- RSI is bullish
- price is bullish
1hr
- price at 78.6 retracement
- RSI is bullish
- price is bullish
- respecting trendline
Further considerations
- Whilst price may make small bullish move to structure I will be curious if it can break structure or reverse and follow the weekly trend.
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