We have recently created a higher high on the 4 hour chart, which indicates that the bull are in control.
I am expecting a pullback into the flipzone support level (Blue box) where I will be looking for buying opportunities. This also lines up with the 61.8 fib level.
It is important to look for bullish candlestick patterns on the smaller timeframes like the H1 or M30.
The bullish candlestick patterns give us confirmation that price is rejecting this area.
No confirmation = No entry
I am expecting a pullback into the flipzone support level (Blue box) where I will be looking for buying opportunities. This also lines up with the 61.8 fib level.
It is important to look for bullish candlestick patterns on the smaller timeframes like the H1 or M30.
The bullish candlestick patterns give us confirmation that price is rejecting this area.
No confirmation = No entry