The market has managed to stay above the monthly impulse base (orange), and the weekly/daily has turned up.
The daily has reached the target fibo 138.2 with an impulse, therefore, I expect a countertrend here on H4/H1, and I want to go long after that countertrend breaks.
The target is the monthly breakdown and the daily target fibo 200.
———
EXPLAINING COLORS
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
H4 - aqua
Daily - blue
Weekly - purple
Monthly - magenta
———
Stay grounded, stay present.🏄🏼♂️
<<please boost 🚀 if you enjoy💚
The daily has reached the target fibo 138.2 with an impulse, therefore, I expect a countertrend here on H4/H1, and I want to go long after that countertrend breaks.
The target is the monthly breakdown and the daily target fibo 200.
———
EXPLAINING COLORS
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
Level colors:
H4 - aqua
Daily - blue
Weekly - purple
Monthly - magenta
———
Stay grounded, stay present.🏄🏼♂️
<<please boost 🚀 if you enjoy💚
Trade closed: target reached
Day trader capitalizing on the expansion phases of emerging trends.
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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
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.