In this analysis, price is showing us a slight bullish correction after the sharp impulse. which indicate the phase is about to complete impulse>correction>impulse. Now my bias for this is a buy on possible touch on trendline.
WHAT ARE WE EXPECTING: # a lower time frame bullish continuation pattern to form/break of trendline
HOW DO WE ENTER: # rejections candles for risky entry # for reduce risk entry we need to see a break of trendline followed by a retest or a lower time frame correction
INVALID SETUP # when you see a sharp impulse followed by a bearish continuation correction which means trend change
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.
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.