1HR Timeframe is projected to take profit.
4HR Timeframe is creating a double bottom reversal pattern.
Daily timeframe is at a major level of support (38.2).
It's also gaining support from the Weekly 38.2.
If this 4HR Candle closes above the red line, we could see a nice push to the upside, potentially reversing the 4HR timeframe to trend bullish.
4HR Timeframe is creating a double bottom reversal pattern.
Daily timeframe is at a major level of support (38.2).
It's also gaining support from the Weekly 38.2.
If this 4HR Candle closes above the red line, we could see a nice push to the upside, potentially reversing the 4HR timeframe to trend bullish.
Comment:
4HR timeframe has officially reversed bullish
I'm anticipating some resistance before a break to the upside