D1 - Price still has room higher towards the important resistance zone formed by the downtrend line, fibonacci retracement level (50% - 61.8%) and the fibonacci expansion level 61.8%. Extreme divergence on the MACD histogram and moving averages.
H4 - Bullish trend pattern followed by a double wave correction, price has currently broken above the most recent downtrend line.
Until the invalidation level shown in the chart holds, we may expect further continuation higher.
H4 - Bullish trend pattern followed by a double wave correction, price has currently broken above the most recent downtrend line.
Until the invalidation level shown in the chart holds, we may expect further continuation higher.
Note
This buy setup moved higher exactly as per the plan and paid us fantastic profits!
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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.