I am still trying to master market structure but what I am seeing is a pullback off the top of the daily up channel into a flag consolidation. Price just sold off on the second push down. If correct, then we can see some sort of rally back up to the top of the flag channel for the third push down.
I will admit that I am wrong about 50% of the time so take this with a grain of salt and be diligent in your own trading.
Daily Up Channel
4 Hour Flag with Intertwining 200sma and 21ema
Range bound Pullback
I will admit that I am wrong about 50% of the time so take this with a grain of salt and be diligent in your own trading.
Daily Up Channel
4 Hour Flag with Intertwining 200sma and 21ema
Range bound Pullback
Note
Note
Note
Possible short down to double zero's 4300 if it presents itself. This is what I will be looking for
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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.