The market turned south on H4 from the all-time highs and the H1 target fibo 138.2.
As long as this short H4 countertrend is valid (the market is below the H4 impulse base), I'm waiting for a bearish H1 countertrend break to target again the correction fibo 23.6
The daily impulse base is in the way, so the trade has to be managed there - it may be a target or a scale-in opportunity.
Of course, I'l try to publish how I pull my trigger line as the H1 countertrend develops.
For me, long only above the highest clear breakdown (green).
———
Trading is just waiting "sometimes", but opportunities are endless, so why not wait for the right moment!🏄🏼♂️
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present.🏄🏼♂️
Your comments and support are appreciated! 👊🏼
As long as this short H4 countertrend is valid (the market is below the H4 impulse base), I'm waiting for a bearish H1 countertrend break to target again the correction fibo 23.6
The daily impulse base is in the way, so the trade has to be managed there - it may be a target or a scale-in opportunity.
Of course, I'l try to publish how I pull my trigger line as the H1 countertrend develops.
For me, long only above the highest clear breakdown (green).
———
Trading is just waiting "sometimes", but opportunities are endless, so why not wait for the right moment!🏄🏼♂️
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present.🏄🏼♂️
Your comments and support are appreciated! 👊🏼
Trade closed: target reached
Day trader capitalizing on the expansion phases of emerging trends.
MORE CHARTS & FREE EDUCATION // coming soon
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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.