Continuing our analysis from friday:
A, B, C, - Classic Forex Master Pattern funnelling out action as detailed previously
D - Price failed to expand low, grab buy side liquidity and take out the C low, an indication price might reverse to take out C high
E - 4H heikin ashi rotated to red and price entered a supply zone above value, this was a nice spot for a sell according to our basic strategy
F - Now we wanna see price holding below the value line and respecting the downward pitchfork frequency, this will increase the odds of price moving lower to finally grab that buy side liquidity at G and perhaps resume the downtrend. The only problem is that the 4H heikin ashi rotated to green, we wanna see it rotate back to red.
G - It is where we wanna see price go to complete the expand low and perhaps resume the downtrend
A, B, C, - Classic Forex Master Pattern funnelling out action as detailed previously
D - Price failed to expand low, grab buy side liquidity and take out the C low, an indication price might reverse to take out C high
E - 4H heikin ashi rotated to red and price entered a supply zone above value, this was a nice spot for a sell according to our basic strategy
F - Now we wanna see price holding below the value line and respecting the downward pitchfork frequency, this will increase the odds of price moving lower to finally grab that buy side liquidity at G and perhaps resume the downtrend. The only problem is that the 4H heikin ashi rotated to green, we wanna see it rotate back to red.
G - It is where we wanna see price go to complete the expand low and perhaps resume the downtrend
