lets enter from the correction
Following the most recent significant low and high points on the 4-hour time frame, it becomes apparent that the chart has established a new high without subsequently forming a low lower than the one preceding it. This suggests that when the price retraced back within its previous range and then continued its upward movement, a distinct price reversal has occurred. As a result, it's highly likely that we will witness a trade with a 1:1 ratio in terms of the channel's size.
Trade active
about to reach the tp
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Related publications
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.