US30USD top-down analysis
Diupdate
Hello Traders, before I continue, drop down any comments on what you think.
Weekly Overview: Price is on an Ascending Channel with swing high and lows in a corrective stage. Price hasn't yet completed the correction which means price hasn't yet broken outside the structure for a newer correction continuation.
Daily Overview: Price is making another Ascending Channel within the weekly channel. Price is in a bearish correction phase to the downside. Price action is making a symmetrical expanding triangle.
Four hourly Overview: Price action is in a Descending impulsive Channel to the downside. Price broke the previous Ascending Channel which means price completed the correction with a reversal.
One Hourly Overview: Price is in a smaller Ascending Channel correction within the four hourly channel. Is price in a bearish corrective phase? Or is price still in a bullish impulse move to the upside? Waiting for price to break and create another smaller correction on the LTF to the downside.
Weekly Overview: Price is on an Ascending Channel with swing high and lows in a corrective stage. Price hasn't yet completed the correction which means price hasn't yet broken outside the structure for a newer correction continuation.
Daily Overview: Price is making another Ascending Channel within the weekly channel. Price is in a bearish correction phase to the downside. Price action is making a symmetrical expanding triangle.
Four hourly Overview: Price action is in a Descending impulsive Channel to the downside. Price broke the previous Ascending Channel which means price completed the correction with a reversal.
One Hourly Overview: Price is in a smaller Ascending Channel correction within the four hourly channel. Is price in a bearish corrective phase? Or is price still in a bullish impulse move to the upside? Waiting for price to break and create another smaller correction on the LTF to the downside.
Catatan
Catatan
Catatan
Catatan
Pernyataan Penyangkalan
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.