Here is a look at the 30M chart. As we can see the price has formed a descending channel and a break to the the upside is anticipated. It is important to note that the break out needs to be associated with above average volume.
An idea entry would be a retest of the demand zone.
- Descending Channel
- Support & Resistance
- Selling Climax
- Demand Zone
- Consecutive Bullish Bars
This strategy is based on Price Action in relationship with it's corresponding Volume i.e High spread bar should be associated with high volume and low spread bars should be associated with low volume. Basically we're just looking out for confirmation and irregularities.
An idea entry would be a retest of the demand zone.
- Descending Channel
- Support & Resistance
- Selling Climax
- Demand Zone
- Consecutive Bullish Bars
This strategy is based on Price Action in relationship with it's corresponding Volume i.e High spread bar should be associated with high volume and low spread bars should be associated with low volume. Basically we're just looking out for confirmation and irregularities.