based off of the 1hr view im looking to take a position in this channel. based off of the channel im projecting price to correct to about the 50% fib.
Trade closed: stop reached
a sell channel came out of the rally instead of a buy rally but no worries stop loss was hit and we'll play price action for a while while we dig deeper into the wave.
Trade closed: stop reached
current market structure presents idea of consolidated correction.Trade active
see 1hr update
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.