Two 4hr candle theory

2023년 8월 17일

Two 4hr candles closed bullish coming into nyse open. The daily candle was supposed to flip bearish so buys didn't makes sense or if it happened it was only short term buys. Waited patiently for price to create a target on the 5minute and price to come back to form resistance before flipping the daily candle bearish on the new nyse 4hr candle open. NOTE: Trading view doesn't allow to post the 5 minute chart otherwise that was the best time frame that this trade played out perfectly.