After studying the HTF here is what I am seeing as a potential setup forming.
We formed a HTF MSS on the 4H close to ATH leaving an epic equal high to come back to later. I am looking for a candle body closures *BELOW lows to confirm as we leave the MSS yellow zone and head to TP1 (-1). Once we approach TP2 (-2) we are entering another HTF BULLISH MSS. If this zone holds and we start seeing candle *BODY closures *ABOVE highs then my bias will no longer be bearish.
We formed a HTF MSS on the 4H close to ATH leaving an epic equal high to come back to later. I am looking for a candle body closures *BELOW lows to confirm as we leave the MSS yellow zone and head to TP1 (-1). Once we approach TP2 (-2) we are entering another HTF BULLISH MSS. If this zone holds and we start seeing candle *BODY closures *ABOVE highs then my bias will no longer be bearish.
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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.