4H chart review... where to go?
Updated
Hi everyone
for now price is into the ICHI cloud it means price would be neutral.
and we can not expect up or down when price is moving into the cloud.
however from price action view it is moving into a descending channel
se price can keep moving into the channel for some more hours or days.
>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<<<<
there is two scenario on the chart:
1-price break out of channel upward and rise to next resistant level
2-drop to our support level around 19300$ then turns to upside
if and only if somehow the support level can not hold the price
it may drop to form a double bottom. Lets see
Enjoy the market
.................................................................
dear subscribers & communities don't forget that your support would be my fuel to keep on.
for now price is into the ICHI cloud it means price would be neutral.
and we can not expect up or down when price is moving into the cloud.
however from price action view it is moving into a descending channel
se price can keep moving into the channel for some more hours or days.
>>>>>>>>>>>>>>>>>>>>><<<<<<<<<<<<<<<<<<<<<<<<<
there is two scenario on the chart:
1-price break out of channel upward and rise to next resistant level
2-drop to our support level around 19300$ then turns to upside
if and only if somehow the support level can not hold the price
it may drop to form a double bottom. Lets see
Enjoy the market
.................................................................
dear subscribers & communities don't forget that your support would be my fuel to keep on.
Trade active
if the scenario (1) wants to make true support level 20850 must hold.let's see.
Trade active
important to watch the key area for moving up or down.Trade closed: target reached
our 19300 support level hitbut price didn't stop so it is important the yellow trend line can hold the price
if not a double bottom at least is expected.
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