Retracement from 4H (counter trend) into a pro trend
I decided to post this analysis on the line chart because it's clean and filtered the noise away leaving us with the real structure points.
*Below we have our structure Low, it broke previous structure High with an impulse,
*Our trading range is with the structure low and it's high.
*We have a confirmation of a retracement because we have bearish order flow in a bearish charnel breaking weak lows and respecting strong highs.
* You want to remain bearish until price reaches the 4h POI to resume the trend.
*Below we have our structure Low, it broke previous structure High with an impulse,
*Our trading range is with the structure low and it's high.
*We have a confirmation of a retracement because we have bearish order flow in a bearish charnel breaking weak lows and respecting strong highs.
* You want to remain bearish until price reaches the 4h POI to resume the trend.