After seeing price come into the premium of the daily structure and a strong level of daily support we are now seeing an inverted head and shoulders pattern, which can be seen on the daily and 4h timeframes.
If we see a daily candle break and close above the orange resistance zone (which is also the neckline of the inverted head and shoulders pattern) then i...
After seeing some more development the 4h has now turned bearish, lining up with my bearish bias on the Daily and Weekly timeframes. The blue zones are my daily areas of interest (support & resistance) which i would like to see price come back into to look for further opportunities short. Let me know what you think! 💭
Strong weekly bullish rejection candle last week, the daily time frame has also turned bearish so some nice higher TF confluences. The 4h TF also being bearish and currently retesting the neckline of the head and shoulders pattern (blue curved lines). For me I’m not looking to enter anything today as the markets close for the weekend tomorrow but will be one to...
