Use this as a guide to develop your setup.
Main Items we can see on the Daily Chart:
a)The price is inside a Falling Wedge (Macro Structure / Bullish).
b)Inside the Falling Wedge, the price found Support on an ascending trendline after breaking a secondary channel with a bullish movement.
c)Currently, we can see a Flag Pattern inside the Wedge.
d)Flag Patterns are considered continuation structures, which means that a new motive wave should come from there.
e)Our Forecast for the bullish side is: If a Daily candlestick Closes above the Flag Pattern, we expect a continuation of the move towards the upper trendline of the falling wedge and then to the secondary trendline (white dash-dot line).
f)Our Forecast for the Bearish side is: if a Daily candlestick closes below the Flag Pattern, we expect a continuation of the move towards the lower trendline of the falling wedge and the primary support zone, there we will be looking for reversal signals.
Main Items we can see on the Daily Chart:
a)The price is inside a Falling Wedge (Macro Structure / Bullish).
b)Inside the Falling Wedge, the price found Support on an ascending trendline after breaking a secondary channel with a bullish movement.
c)Currently, we can see a Flag Pattern inside the Wedge.
d)Flag Patterns are considered continuation structures, which means that a new motive wave should come from there.
e)Our Forecast for the bullish side is: If a Daily candlestick Closes above the Flag Pattern, we expect a continuation of the move towards the upper trendline of the falling wedge and then to the secondary trendline (white dash-dot line).
f)Our Forecast for the Bearish side is: if a Daily candlestick closes below the Flag Pattern, we expect a continuation of the move towards the lower trendline of the falling wedge and the primary support zone, there we will be looking for reversal signals.