- Impulse, correction, continuation
- Higher time frame down trend
- MA respected on the daily, break and retest to the MA which is very obvious
- 4 hour correction, 2 bottoms, 2 highs, corrective nature to the high
Main interest on this trade was the respect price was giving the MA after an impulsive break below, unable to close above in 4/5 days and a valid correction formed
- Higher time frame down trend
- MA respected on the daily, break and retest to the MA which is very obvious
- 4 hour correction, 2 bottoms, 2 highs, corrective nature to the high
Main interest on this trade was the respect price was giving the MA after an impulsive break below, unable to close above in 4/5 days and a valid correction formed