🔸 4H CHART EXPLANATION:
.
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🔸 Price broke the Ascending Trendline.
.
🔸That was a bearish signal, however, it has been consolidating since then.
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🔸 We are waiting for a breakout of the structure to the downside before considering bearish positions.
.
🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
.
.
🔸 Price broke the Ascending Trendline.
.
🔸That was a bearish signal, however, it has been consolidating since then.
.
🔸 We are waiting for a breakout of the structure to the downside before considering bearish positions.
.
🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.