Retracement from 4H (counter trend) into a pro trend
I decided to post this analysis on the line chart because it's clean and filtered the noise away leaving us with the real structure points.
*Below we have our structure Low, it broke previous structure High with an impulse,
*Our trading range is with the structure low and it's high.
*We have a confirmation of a retracement because we have bearish order flow in a bearish charnel breaking weak lows and respecting strong highs.
* You want to remain bearish until price reaches the 4h POI to resume the trend.
*Below we have our structure Low, it broke previous structure High with an impulse,
*Our trading range is with the structure low and it's high.
*We have a confirmation of a retracement because we have bearish order flow in a bearish charnel breaking weak lows and respecting strong highs.
* You want to remain bearish until price reaches the 4h POI to resume the trend.
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.