The countertrend of the primary short trend is valid, and it turns into a primary long trend only above the daily impulse base.
Until it's traded below that level, the primary short trend may resume any time.
💰The condition: significant break below the trigger zone.
Since H4 is already down, the next wave south has the chance to go to the first target, that is the daily target fibo 161.8.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
———
Stay grounded, stay present.🏄🏼♂️
<<boost🚀 if you enjoy💚
Until it's traded below that level, the primary short trend may resume any time.
💰The condition: significant break below the trigger zone.
Since H4 is already down, the next wave south has the chance to go to the first target, that is the daily target fibo 161.8.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
———
Stay grounded, stay present.🏄🏼♂️
<<boost🚀 if you enjoy💚
Trade closed: target reached
Day trader capitalizing on the expansion phases of emerging trends.
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Disclaimer
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Day trader capitalizing on the expansion phases of emerging trends.
MORE CHARTS & FREE EDUCATION // coming soon
SUBSCRIBE 🚀 themarketflow.trading
MORE CHARTS & FREE EDUCATION // coming soon
SUBSCRIBE 🚀 themarketflow.trading
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.