On the monthly timeframe, the price got a rejection from the 0.5 Fibonacci level and on the weekly timeframe, the price created a higher low.
the price is creating a falling wedge on the 4h timeframe and now the price is testing the daily dynamic support.
how to approach? IF the price is going to have a breakout from the falling wedge and retest the 4h resistance as new support, According to Plancton's strategy, we can set a nice order
Thanks for your analysis We are waiting price near 2600
InkyGrip
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@P_S_trade, nice analysis too, the price could get liquidity with false breakout, for that reason I the market needs to satisfy our rules for a long position
Solldy
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Correctly noted arguments, some I had not even noticed before. The idea turned out to be informative and useful for further trading. Thanks, buddy!