The market is in the primary long expansion phase in a H4/H1 countertrend.
There was an H1 break above the last breakdown (lower green level), so another wave up triggers a long trade for me. The target zone is the H1 161.8 in line with the daily 123.6 very close to the daily ATR high.
A trigger candle I'm looking for is a Marubozu-like candle at the trigger level, that is a M15 breakdown, in line with the break of the countertrend line.
———
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:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
Clean (not yet tested) breakdown - dashed green
Clean (not yet tested) breakout - dashed red
———
Stay grounded, stay present.🏄🏼♂️
<<please boost 🚀 if you enjoy💚
There was an H1 break above the last breakdown (lower green level), so another wave up triggers a long trade for me. The target zone is the H1 161.8 in line with the daily 123.6 very close to the daily ATR high.
A trigger candle I'm looking for is a Marubozu-like candle at the trigger level, that is a M15 breakdown, in line with the break of the countertrend line.
———
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:
Daily - blue
Weekly - purple
Monthly - magenta
H4 - aqua
Long trigger - green
Short trigger - red
Clean (not yet tested) breakdown - dashed green
Clean (not yet tested) breakout - dashed red
———
Stay grounded, stay present.🏄🏼♂️
<<please boost 🚀 if you enjoy💚
Trade closed: target reached
Day trader capitalizing on the expansion phases of emerging trends.
MORE CHARTS & FREE EDUCATION // coming soon
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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.