Price is currently in a bullish momentum as price is making higher highs along in accordance with the overall market trend.
For us to get on a bullish trend we would need bullish confluence. Nonetheless we must pay attention to any bullish market structure and patterns.
The analysis might seem a bit convoluted but what we're basically seeing is the market acting as it should: according to current market trend and Fibonacci zones.
For us to get on a bullish trend we would need bullish confluence. Nonetheless we must pay attention to any bullish market structure and patterns.
The analysis might seem a bit convoluted but what we're basically seeing is the market acting as it should: according to current market trend and Fibonacci zones.
Nota
Price just wen through two Fib levels and has respected an H4 support line. No entries for me.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.