Blue lines are structure. It helps identify which way the market is going.
Red Lines = resistance.. Creating higher lows.
Green lines = suppor. & the support is considered as the lower lows.
NEXT! We have that purple box... inside that box is a pin bar which is a sign of a potential reversal... Price reversed back into a bullish (buy move)
Then it created the pattern in yellow... What I’m waiting for is for price to break above or below that pink box..
Then I would get in for a buy or a sell... I honestly believe it’ll be a buy based off the market's previous story. Until price breaks, it’s a waiting game.
Red Lines = resistance.. Creating higher lows.
Green lines = suppor. & the support is considered as the lower lows.
NEXT! We have that purple box... inside that box is a pin bar which is a sign of a potential reversal... Price reversed back into a bullish (buy move)
Then it created the pattern in yellow... What I’m waiting for is for price to break above or below that pink box..
Then I would get in for a buy or a sell... I honestly believe it’ll be a buy based off the market's previous story. Until price breaks, it’s a waiting game.
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