Weekly bullish
Daily bullish
H4 bearish
As we can see. Price continued to respect the bearish H4 storyline after its reaction from the daily obstacle touch (DSs) and then continued to break lower.
While price is at the daily storyline buy area, we can see that price is still in a H4 bearish storyline so we can attempt to trade price lower from the H4 continuation level (H4c).
Nb: A H4 engulfing after a daily SNR level hit might not be a confirmation for a storyline change but it sure shows significance in selling pressure
Daily bullish
H4 bearish
As we can see. Price continued to respect the bearish H4 storyline after its reaction from the daily obstacle touch (DSs) and then continued to break lower.
While price is at the daily storyline buy area, we can see that price is still in a H4 bearish storyline so we can attempt to trade price lower from the H4 continuation level (H4c).
Nb: A H4 engulfing after a daily SNR level hit might not be a confirmation for a storyline change but it sure shows significance in selling pressure
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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.
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.