i see a up trend in 1h starting with a squeeze in sideway pattern . after trending higher market reached its resistance area . you can see that the correction is taking more time that it should to trend higher with power. so this up trend is weak . after understanding this weakness , i myself, used macd to see that the last 2 lows of uptread wave is showing us...
well as u see i used only one brush to describe my idea . i can see a support area with many lows. then market made a high that shows strength of bulls .in its last lows u can see a head and shoulders . well it might be a start for a rally. for trading i gonna wait for a correction if holds neckline it will be great.
i used ichimoku to see what i see i think beak through cloud is legit. right now pullback is happening on senko span b. this might be the end of downtrend in 4h .i am not sure about targets. like if u agree with me!
