The 4 hour chart shows a symmetrical pattern of triangles which usually means the congestion pattern is nearing the end of its life and a breakout is coming soon.
It could go either way, I am hoping it's up but if it turns out to be down I am going to be looking get out of my long and start looking at shorts.
The 4 hour TD sequential count is almost to 9 and is on a red count which means it could definitely break upward very strongly from here.
It could go either way, I am hoping it's up but if it turns out to be down I am going to be looking get out of my long and start looking at shorts.
The 4 hour TD sequential count is almost to 9 and is on a red count which means it could definitely break upward very strongly from here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.