1. Higher highs and higher lows created - Uptrend indicated 2. Break of structure seen and waiting on retest where resistance becomes support 3. Awaiting retest of the 61.8 Fib level This is my idea and appropriate risk management is supposed to be absolutely adhered to as the market has a mind of it's own but I think if these confirmations come about...... we're...
Confluence: It's an uptrend, resistance turned support, rejection of the 61.8 Fib level and waiting on H1 close for bullish engulfing
Inverse H&S formation. Waiting for break of trendline and retest for confirmation
Possible break and retest of the support level will be a confirmation for a potential short down
Valid uptrend seen with a hold on the trendline on the previous low. A potential rising wedge but not certain. Markets will soon be open. Drop your comments
Resistance held for the past two points. H4 close will be confirmation for a sell
Trend line and minor resistance supported. Waiting for a bearish confirmation for a sell
Breakout of structure and possible retest at support turned resistance so a buy and then a potential short position after
Breashort of structure seen and retest signifying short entry
A break of structure is yet to be confirmed but once a retest is done on the resistance which will then become support, that's a potential entry for a sell to the next support
the 38.2 zone has a been broken and a retest seen which signifies an entry for a long. Tp seen @ 50.0