Rationale
1. Broken ascending channel on the 4hr TF
2. Pin Bar rejection on broken ascending channel
3. Price action crossover on EMA
4. Looking for a break under .23% fib for confirmation
Warnings
1. Possible consolidation before continuation or uptrend
2. looking for a break under .23% fib
3. If price breaks descending channel upwards could be a correction for an uptrend.
1. Broken ascending channel on the 4hr TF
2. Pin Bar rejection on broken ascending channel
3. Price action crossover on EMA
4. Looking for a break under .23% fib for confirmation
Warnings
1. Possible consolidation before continuation or uptrend
2. looking for a break under .23% fib
3. If price breaks descending channel upwards could be a correction for an uptrend.