Unfortunately, my previous idea wasn't zoomed out enough.
As we can see, we have one big falling wedge on 4h and one smaller on 1h.
Tp 1 is for the smaller wedge, but it can also go lower for the top line of the big wedge.
TP2 is for big wedge and if it is valid, it will take some time to fill.
Good luck and trade safe.
As we can see, we have one big falling wedge on 4h and one smaller on 1h.
Tp 1 is for the smaller wedge, but it can also go lower for the top line of the big wedge.
TP2 is for big wedge and if it is valid, it will take some time to fill.
Good luck and trade safe.
Comment:
Looks like we had a fake break out of the smaller wedge, but this new drawing is the previous bull flag where price is now testing bottom line.
