Bullish if we break the Descending Channel and 200EMA on 4h
Invalidated if we bounce back from channel's top
Invalidated if we bounce back from channel's top
Note
1h closed above descending channel, still bullishNote
1h bounced from the 200EMA and from the top of the channel as expected, now we need to close 1h above 200EMA to full send itTrade closed: target reached
Idea played out perfectly as predicted, breaking 4h 200EMA further would add to the bullish momentum even more
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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.