HTF - Market has been stuck in a descending channel since Feb of 2021, almost a year, and just recently broke to the downside, however, I think that market might come back into the pattern for some bullish action.
LTF - The market will possibly reverse because the price is stuck just under the HTF descending channel which is a reversal pattern, in another D. channel, therefore possibly reversing its momentum.
But a wait for a break to the upside and looking for a continuation correction pattern is required in order to make a trade.
LTF - The market will possibly reverse because the price is stuck just under the HTF descending channel which is a reversal pattern, in another D. channel, therefore possibly reversing its momentum.
But a wait for a break to the upside and looking for a continuation correction pattern is required in order to make a trade.