Then what will happen.
Let's recall the fundamental of price when it reaches the medianline.
Price will...
-zoom and zoom then retest the ML.
-reverse back the latest MLH.
-congest
If the price does zoom the ML, price could break the previous highest high. And we will have a major uptrend cycle.
We can see the clear uptrend.
Higher high, higher low.
Red upslope medianline is pointing upward!
I'm going to long at the confluence between lower MLH and demand zone.
RR = 3:1
MACD cross signal line in the monthly chart.
Looking for the higher high and higher low char pattern.
Waiting for the price to retrace the fib area btw 50% and 61.8%.
I have spotted a nice action-reaction line (blue upward slope line). I wait for the price to reach there.
The EMA crossover system has been getting chopped for some time.
RR is 5 to 1 which is wonderful.
I hide my stop loss underneath the prior swing low.
Set my tp around the upward parallel line.
EMA 12&26 bullish signal.
Price is at the downtrend upper channel.
Sto is OB and bearish signal.
Bias short.
Wait for the price to retrace at the lower uptrend channel line.
