daily forecast on a WC! i see this as a good risk to take given the confluences of the higher time frame not breaking that high, so their is a likelihood of price moving back to the upside. given the structure and the price action on the higher time frame i can see a last leg forming to an ascending structure. an entry can be made out on the 4H in the form of a...
Proper TA will always allow for the best potential and profitable trades. Top down analysis has the highest weighted structural values. When things get a little choppy take a huge step back and get a birds eye view from the weekly timeframe. Be sure to adjust you higher timeframe zones on the daily.
We take a look at TAT and see that the bounce off of the year support level of $1.25 is already in progress. We are looking for it to break $1.50 with volume before we consider a position.