HTF: The price is still trending lower, but the recent price has created a minor uptrend. I see it as a correction.
LTF: Consolidated for while now in the middle of all structure. wait for break of consolidation to give us direction.
The prediction & plan:
The consolidation will eventually break in two ways.
If bullish, sell when the price meet the resistance on top. (more likely)
If bearish, wait for breaking of trendline to sell.
LTF: Consolidated for while now in the middle of all structure. wait for break of consolidation to give us direction.
The prediction & plan:
The consolidation will eventually break in two ways.
If bullish, sell when the price meet the resistance on top. (more likely)
If bearish, wait for breaking of trendline to sell.
Trade closed: target reached:
moved in exact direction!