All i can see here is RSI went oversold and down trend goes into consolidation.
we have some reverse pullups with not enough strenght,i expect next pull up to be reverse trend (break throu consolidation-up trend)
4H - chart
we have some reverse pullups with not enough strenght,i expect next pull up to be reverse trend (break throu consolidation-up trend)
4H - chart
Trade active
15 minute time frameconsolidation was cutted in half (upper body movement)(lower body empty)
in some case that can be bullish sings as well....so look for going long
Note
Trade closed: target reached
Told you so,you must knowConsolidation mean and what it tells you
Trade closed: target reached
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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.