100% technical...
I'm biased for more downside until consolidation zone (shown). It's preferred to wait for 3+ days worth of consolidation in the zone and a BREAKOUT on the lower timeframe channel/resistance before taking long positions. Be wary of stop raids forming pinbars on the 4 hr. chart (stop raid zone).
I'm biased for more downside until consolidation zone (shown). It's preferred to wait for 3+ days worth of consolidation in the zone and a BREAKOUT on the lower timeframe channel/resistance before taking long positions. Be wary of stop raids forming pinbars on the 4 hr. chart (stop raid zone).
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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.