Analysis :
1. The market just made a massive bullish impulse,
I will be waiting for confirmation on H4 for the retracement to the 38.2% of FIbo
This area is also a very strong support zone.
2. An Overextended W formation is visible, In addition to the impulse mentioned (1)
this Chart Pattern adds to my confluences forming a beautiful structure.
Trading Plan:
1. Wait for H4 confirmation for a short to the support zone.
2. Swing Long opportunity at the Support Zone
1. The market just made a massive bullish impulse,
I will be waiting for confirmation on H4 for the retracement to the 38.2% of FIbo
This area is also a very strong support zone.
2. An Overextended W formation is visible, In addition to the impulse mentioned (1)
this Chart Pattern adds to my confluences forming a beautiful structure.
Trading Plan:
1. Wait for H4 confirmation for a short to the support zone.
2. Swing Long opportunity at the Support Zone