See Chart For Top-Down Analysis Ideas.
-Price inside motnhly area of demand
-Daily downtrend trend lines broken
-4hr downward channel broken
-Price above 4hr 200ma
-Opposing pivot point area of supply removed
-Some traders will look to take the first demand area as a continuation of trading with the trend while others will wait for new lower timeframe 5min buy setups.
--A
-Price inside motnhly area of demand
-Daily downtrend trend lines broken
-4hr downward channel broken
-Price above 4hr 200ma
-Opposing pivot point area of supply removed
-Some traders will look to take the first demand area as a continuation of trading with the trend while others will wait for new lower timeframe 5min buy setups.
--A