this multi time frame analysis form h1 to monthly time frame from h4 to Monthly
H4 - price has breakout rising wedge pattern, ready to retest lower trend line and make new lower low Daily - price has retest daily resistance after breakout , making sideway correction below resistance before making new lower low on h4 Monthly - if this month candle make same pattern like it made last month than it would be first sign of trend line reversal , breakout on weekly time frame will confirm. and we will take long entry on weekly time frame after breakout and retest of resistance. unitl than it is bearish.
fundamental - fed fomc - fed tapering announcement will change money flow. so we can expect trend line at the end of this month.
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.