The current Price Action on the HTF indicates HTF Double Tops, with a 2nd Top approaching in a Corrective manner, hence indicating an HTF Ascending Channel.
As we move down to the LTFs, price action indicates a possible Double Tops Formation, where we expecting to see the price correcting towards the previous swing point, hence creating Double Tops with the 2nd top in an Ascending Channel manner. Therefore before we can lok for entries we'd like to first see the 1st Impulse follwed by a continuation correction.
As we move down to the LTFs, price action indicates a possible Double Tops Formation, where we expecting to see the price correcting towards the previous swing point, hence creating Double Tops with the 2nd top in an Ascending Channel manner. Therefore before we can lok for entries we'd like to first see the 1st Impulse follwed by a continuation correction.