Bearish signs:
- Downtrend: Below 1h and 4h EMA ribbons
Bullish signs:
- Descending Broadening Wedge
- RSI about to break under 30 on 1h and 4h time frame
- The further the wedge gets from the EMA ribbons the more likely a breakout will be to the upside
This is my second published idea. You're very welcome to give me feedback. I'm seeking enough reputation to be able to access the chat.
- Downtrend: Below 1h and 4h EMA ribbons
Bullish signs:
- Descending Broadening Wedge
- RSI about to break under 30 on 1h and 4h time frame
- The further the wedge gets from the EMA ribbons the more likely a breakout will be to the upside
This is my second published idea. You're very welcome to give me feedback. I'm seeking enough reputation to be able to access the chat.