📺 Watch the video for more details.
Price has printed a 4H consolidation following the ATH. Key focus now:
🔹 Watching the high of consolidation for a potential breakout, retracement, and continuation.
🔹 Ideal scenario: False breakout & manipulation of the high, followed by a retrace back into the range.
🔹 Daily swing high in play, with Monday trading inside Friday’s range – opportunities for both continuation and retracement setups.
🔹 1H price action shows liquidity buildup below – potential fuel for a move lower.
📍 Still focused on a retracement back into discount levels of the current bullish expansion leg.
Let’s see what prints at Tuesday’s open.
Price has printed a 4H consolidation following the ATH. Key focus now:
🔹 Watching the high of consolidation for a potential breakout, retracement, and continuation.
🔹 Ideal scenario: False breakout & manipulation of the high, followed by a retrace back into the range.
🔹 Daily swing high in play, with Monday trading inside Friday’s range – opportunities for both continuation and retracement setups.
🔹 1H price action shows liquidity buildup below – potential fuel for a move lower.
📍 Still focused on a retracement back into discount levels of the current bullish expansion leg.
Let’s see what prints at Tuesday’s open.
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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.