Daily Long Term Bullish Trade
1HR Timeframe is projected to take profit.
4HR Timeframe is creating a double bottom reversal pattern.
Daily timeframe is at a major level of support (38.2).
It's also gaining support from the Weekly 38.2.
If this 4HR Candle closes above the red line, we could see a nice push to the upside, potentially reversing the 4HR timeframe to trend bullish.
4HR Timeframe is creating a double bottom reversal pattern.
Daily timeframe is at a major level of support (38.2).
It's also gaining support from the Weekly 38.2.
If this 4HR Candle closes above the red line, we could see a nice push to the upside, potentially reversing the 4HR timeframe to trend bullish.
Note
We're currently at a level where we will see some resistance for the 4HR timeframe.I'm anticipating some resistance before a break to the upside
Note
4HR timeframe has officially reversed bullish
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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.