High 16862.3 (Dec 2023) last reached in Nov 2021
Bullish since 2023 started
- lots of retests (bearish channels and fake-outs), prepare for it.
16698 - 16843 = straight channel
- both lower end and higher end have been tested more than once therefore looking like a waiting moment
Go down to 15Min you'll see the candle tell a story
- the last 2 to touch the lower part of the channel (the bear has been engulfed by the two that follow)
- then there's a hammer which shows end of bearish momentum, but price gets stuck in a box and closes in that box.
- Higher lows and heading to higher highs
- Zoom out you will see a mini bullish momentum that started out of the straight channel.
* I placed a possible trade but WILL NOT BE TAKING IT, it does not follow my RR which is a set rule in my trading plan to be 1:3 or more anything less and we are punishing ourselves.
Bullish since 2023 started
- lots of retests (bearish channels and fake-outs), prepare for it.
16698 - 16843 = straight channel
- both lower end and higher end have been tested more than once therefore looking like a waiting moment
Go down to 15Min you'll see the candle tell a story
- the last 2 to touch the lower part of the channel (the bear has been engulfed by the two that follow)
- then there's a hammer which shows end of bearish momentum, but price gets stuck in a box and closes in that box.
- Higher lows and heading to higher highs
- Zoom out you will see a mini bullish momentum that started out of the straight channel.
* I placed a possible trade but WILL NOT BE TAKING IT, it does not follow my RR which is a set rule in my trading plan to be 1:3 or more anything less and we are punishing ourselves.
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