D1 - After the bullish trend pattern we had a correction in the form of consolidation.
Currently, the price has broken above this consolidation and is holding above it.
H4 - We had a correction in the form of double wave down, bullish divergence, most recent downtrend line breakout.
H1 - Bullish trend pattern, expecting the price to continue further higher.
In addition to this, the MACD has ticked to the positive side in all the three timeframes (D1, H4 and H1) which we may consider as an evidence of bullish pressure.
Note: You can find the MACD complete guide here: vladimirribakov.com/macd-indicator-complete-trading-guide-free-trading-strategy/
Currently, the price has broken above this consolidation and is holding above it.
H4 - We had a correction in the form of double wave down, bullish divergence, most recent downtrend line breakout.
H1 - Bullish trend pattern, expecting the price to continue further higher.
In addition to this, the MACD has ticked to the positive side in all the three timeframes (D1, H4 and H1) which we may consider as an evidence of bullish pressure.
Note: You can find the MACD complete guide here: vladimirribakov.com/macd-indicator-complete-trading-guide-free-trading-strategy/
Note
The price moved higher as I expected it to, delivering a fantastic move to the upside!
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.