Triangle formation formed so watch out for what wicks happen at trend lines and where the candle closes it its above the triangle or below it. Important areas marked so get in on major area volume , from here it looks like its going up to the red trend line but watch for close below red resistance lines.
Look for a buy when it hits the bottom yellow trend line and wicks. Overall daily uptrend because of the inverted head and shoulder pattern.
watch what happens at this triangle to know direction. Watch for wicks. At resistance area so a sell could be a good short term sell coming up.
Head and shoulder pattern formed if it closes below the neckline which is the yellow trend line then it will continue to go down.
Head and shoulder pattern formed if it closes below the yellow trend line then it will be a sell. Or If it closes above the head then its a buy.
Watch for wicks at these red zones to know short term direction.
market has temporarily been going down and so could be a good entry at the bottom yellow trend line for the buy. Or Could wick at the top yellow trend line upwards to continue the down trend.
Wicks at any major areas will show what direction the market will go, Major trend going down and could bounce back off the bottom red support line on the 4 hour chart and then continue upwards so watch for wick there for longer term trade. Short term just look for wicks at the major areas.
Triangle formation will show by the wicks which direction the market will go catch the entry at the wicks for the buy or sell when multiple confirmations show up.
Watch for what happens at the triangle to really determine the proper direction. Wicks at the red resistance lines will also show short term trend for a quick scalping entry.
watch for wicks at red resistance line pointing downwards showing momentum to push upwards continuing the uptrend. Or Wicks at the trend lines to show direction.
possible inverted head and shoulder pattern forming here if it closes above the yellow trend line then it will confirm the buy. Or Could close below the head or wick at one if the trend lines and then continue down for a sell.
Sell looks good from here because of the head and shoulder pattern, but if it closes above the head then it'll continue upwards.
watch what happens in this zone and if it closes below the yellow trend line for the sell. Or If it wicks downward at trend line then could be a potential buy. Overall downtrend right now !
Wait for wick to show up at trend lines to know direction, remember overall down trend! Break of bottom zone then could be a good sell opportunity.
Retracement with wick down towards yellow trend line will show its a buy. Or Watch what it does at this long wick to determine sell.
Watch what happens in these zones for the wicks to know direction.