There's a scalp to the downside on the 1h chart that implies the bull flag is about to have a downward break. Net expansion to the downside with a clean wave PM cross determines the direction of the flag break before it happens.
However, the 4h LOXP 220 still defines trend as up. If on the 4h chart price enters the purple band, it will trend to that 220 MA.
We'll have to see what's stronger, the bearish expansion on the 1h chart or the 4h chart's trend defining pivot.
However, the 4h LOXP 220 still defines trend as up. If on the 4h chart price enters the purple band, it will trend to that 220 MA.
We'll have to see what's stronger, the bearish expansion on the 1h chart or the 4h chart's trend defining pivot.
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Website: sharkcharts.live
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