HTF trend is up. Daily is out of alignment, weekly and monthly are still uptrend, buy at weekly DZ. The formation is very strong and can be used as a set and forget. Just put fundamentals in sight. 2:1 RR.
Following the core realignment rule, W and D are downtrend. We wait for price to go back to up into a sz and short. This is set and forget for me because of the odd enhancers and the high score this zone got when I was rating the zone.
Higher time frame area of supply is going to gain control but does not look like it will have control for long because the overall trend is up trend. Expecting a 2:1 rr because I am not experienced in counter trading yet. Please let me know your take and correct me if I am correct. My TF line up is Weekly, Daily and 4HR. I will appreciate your feedback. It makes...
D1 is where the harmonic pattern is spotted, entry is drilled down into the 4hr zone where there is strong supply zone. The weekly chart is on uptrend but it is dropping into a CP which gives a good chance for a counter trend trade. Also, the SZ is a nested zone which makes is high odds.