On Zen we have a bearish daily impulse to the downside and oversold conditions on the 4hr timeframe, on the daily we also have this nice M formation. After a M formation we expect to see the market make a correction and complete the pattern at the neckline which is previous support turned resistance. We will be waiting on the 1hr timeframe for market to meet our entry rules for this harmonic strategy before possibly looking to catch this corrective intraday long position.
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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.