Massive Descending Triangle based on Weekly market structure. We're getting closer to another retest of either the Trend Line Resistance or Support Line. A break of either one could lead us to a trending market.
H4/Daily/Weekly/Monthly market structure is currently Bullish. A break below the Support Line and the recent Daily candlestick support would lead to a transition into Bearish market structure.
More probability for longs at this moment, as long a Daily market structure holds.
H4/Daily/Weekly/Monthly market structure is currently Bullish. A break below the Support Line and the recent Daily candlestick support would lead to a transition into Bearish market structure.
More probability for longs at this moment, as long a Daily market structure holds.