Daily Bullish M Pattern, Price is trading with higher highs and higher lows. We have had a solid break above by the bulls and 3 "relief" Daily candles. Price has rejected the daily 78.6 fib.
4H:
On the 4H you can see the Bullish M continuation pattern clearer. The price on the 4h as referred to the "relief" on the daily chart, is just that. Its corrective relief to the daily zone for further continuation
Price has completed this Fib -27 and reversed. Creating an indicational Higher high. The confirmation is in the form of the 4h inverse head and shoulders pattern.
I want to see a move back to the shoulder one region marked with this dark grey zone, and then for a bullish Move up from here. Targeting the 4h Tp and the daily TP of 0.65350
4H:
On the 4H you can see the Bullish M continuation pattern clearer. The price on the 4h as referred to the "relief" on the daily chart, is just that. Its corrective relief to the daily zone for further continuation
Price has completed this Fib -27 and reversed. Creating an indicational Higher high. The confirmation is in the form of the 4h inverse head and shoulders pattern.
I want to see a move back to the shoulder one region marked with this dark grey zone, and then for a bullish Move up from here. Targeting the 4h Tp and the daily TP of 0.65350