HTF - Price has been stuck in a descending channel since June of 2021 in the 4-hour TF.
LTF - Price has recently broken HTF structure but formed a weird head and shoulders pattern in an ascending channel, which indicates reversal, + price has moved impulsively inside the HTF structure adding confluences to momentum reversal.
Now the only thing we need to wait for is a continuation correction pattern in order to make a trade expecting further downside momentum.
LTF - Price has recently broken HTF structure but formed a weird head and shoulders pattern in an ascending channel, which indicates reversal, + price has moved impulsively inside the HTF structure adding confluences to momentum reversal.
Now the only thing we need to wait for is a continuation correction pattern in order to make a trade expecting further downside momentum.