Points of Confluence
1. price is ranging within the downward channel
2. support found around .23 and .38 fibs .5 acting as resistance
3. potential (speculation) H&S
4. price imbalance is "filling"
I expect price to react with the thick black trend line as such:
H4 TF is so low for me, I'm more of a macro trend guy. DYOR.
1. price is ranging within the downward channel
2. support found around .23 and .38 fibs .5 acting as resistance
3. potential (speculation) H&S
4. price imbalance is "filling"
I expect price to react with the thick black trend line as such:
- _eventually_ break up and out of the triangle
- come back down and re-test that range (the triangle as well as fib)
- price will _eventually_ continue with break-out, or fail, and repeat.
H4 TF is so low for me, I'm more of a macro trend guy. DYOR.
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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.