HTF - Can see that the most recent momentum has been bearish and past week or see has just been a steep correction to likely head lower |
LTF - Ascending wedge/channel behaving as the correction lower but wasn't willing to cal the top of this move. Now market is giving a clue it's ready to continue down following break of recent high and bearish impulse |
Market is showing it's hand, I'll be waiting for a tight flag to confirm this is heading to the lows at which point I'll be looking for an entry. Also wary of possible inflection point where price could reject. Will use the inverse correlated DXY as a cross reference
LTF - Ascending wedge/channel behaving as the correction lower but wasn't willing to cal the top of this move. Now market is giving a clue it's ready to continue down following break of recent high and bearish impulse |
Market is showing it's hand, I'll be waiting for a tight flag to confirm this is heading to the lows at which point I'll be looking for an entry. Also wary of possible inflection point where price could reject. Will use the inverse correlated DXY as a cross reference