🔸 4H CHART EXPLANATION:
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🔸 Price broke the Ascending Trendline.
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🔸Due to that, we were expecting a bearish brekout of the consolidation.
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🔸 It has broken the Resistance Zone, so, we consider that there is potential for an upside move towards the previous high.
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🔸 Will look for a lower timeframe bullish setup (short term).
.
.
🔸 Price broke the Ascending Trendline.
.
🔸Due to that, we were expecting a bearish brekout of the consolidation.
.
🔸 It has broken the Resistance Zone, so, we consider that there is potential for an upside move towards the previous high.
.
🔸 Will look for a lower timeframe bullish setup (short term).
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.