D1 - We have two waves down, price reached the magnet zone and then pushed higher.
H4 - Big double cycle. Bullish divergence with false break followed by bullish convergence.
H1 - Now look for double wave correction and then we can go long with the breakout of the trend line. The double wave should stop within the zone shown in the screenshot.
This is a very strong zone and breaking below that would be a warning sign for us.
his scenario is valid as long as the last low shown in the screenshot is holding.
H4 - Big double cycle. Bullish divergence with false break followed by bullish convergence.
H1 - Now look for double wave correction and then we can go long with the breakout of the trend line. The double wave should stop within the zone shown in the screenshot.
This is a very strong zone and breaking below that would be a warning sign for us.
his scenario is valid as long as the last low shown in the screenshot is holding.