On weekly time frame market couldnt break structure to the downside.
On daily market forms a double bottom, then from there breaking a weekly counter trendline and also breaking structure to the upside.
Market is pulling back probably into and SnR zone, 0.236 fib level and a retest of the counter trendline.
When price gets to the area of confluence we will look for a long signal.
USE BULLISH CANDLESTICK PATTERN TO ENTER THE TRADE
On daily market forms a double bottom, then from there breaking a weekly counter trendline and also breaking structure to the upside.
Market is pulling back probably into and SnR zone, 0.236 fib level and a retest of the counter trendline.
When price gets to the area of confluence we will look for a long signal.
USE BULLISH CANDLESTICK PATTERN TO ENTER THE TRADE
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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.