POSSIBLE H&S PATTERN ON WEEKLY?
ENTERING THIS ON DAILY AS SOON PRICE ACTION ALLOWS. HIGHER LOWS AND HIGHS AND I'M GOING LONG.BULLISH MOVEMENT ON LOWER TFS INDICATE BUYERS ARE TRYING TO TAKE BACK CONTROL. EXHAUSTION CANDLE ON WEEKLY ALSO CAN INDICATE PERMANENT UPWARDS MOVEMENT.
THE CONS OF THIS TRADE IS THAT DEMAND ZONE TREND IS CURRENTLY SITTING ON IS HIGHLY WEAK DUE TO THE MANY PRICE TESTS AND COULD WEAKEN AND DROP TREND.
GOOD LUCK.
THE CONS OF THIS TRADE IS THAT DEMAND ZONE TREND IS CURRENTLY SITTING ON IS HIGHLY WEAK DUE TO THE MANY PRICE TESTS AND COULD WEAKEN AND DROP TREND.
GOOD LUCK.
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.