When examining this asset, there is evidence of an M-pattern formation occurring across weekly, 4-hour, and 1-hour time frames.
Although the right arm of the M-pattern has not yet begun on the weekly timeframe, it is about to commence on the 4-hour timeframe. There is also a clear formation of the right arm of the M-pattern taking place on the 1-hour timeframe.
Aggressive traders may opt to enter using the 1-hour timeframe, while conservative traders may prefer to use the 4-hour timeframe. Conservative and long-term holders may choose to ride with the weekly timeframe.
Ultimately, the choice of timeframe depends on individual trading style.
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Although the right arm of the M-pattern has not yet begun on the weekly timeframe, it is about to commence on the 4-hour timeframe. There is also a clear formation of the right arm of the M-pattern taking place on the 1-hour timeframe.
Aggressive traders may opt to enter using the 1-hour timeframe, while conservative traders may prefer to use the 4-hour timeframe. Conservative and long-term holders may choose to ride with the weekly timeframe.
Ultimately, the choice of timeframe depends on individual trading style.
Follow for more tips, and share your thoughts by commenting, liking, and sharing.