Crab forming on the daily TF.
On the 4 hr/1hr TF you will see an inverted HS formation, an indicator that price is/will reverse.
On the TDI, you will see that price action is very low and will need to correct itself to the upside, an indication that price will go in our favor.
For safety, wait for the break of the TL with a long candle (and another reversal sign) to enter.
TP's on chart
On the 4 hr/1hr TF you will see an inverted HS formation, an indicator that price is/will reverse.
On the TDI, you will see that price action is very low and will need to correct itself to the upside, an indication that price will go in our favor.
For safety, wait for the break of the TL with a long candle (and another reversal sign) to enter.
TP's on chart
Commentaire:
Price made a double bottom. I would still consider this a good upcoming trade with the proper confirmations.
Ordre annulé:
This has made a new pattern. Will post the new one shortly