its hard to ignore this obvious formation of Descending channel. as far my analysis concerned this channel will figure out potential bullish reversal.
עסקה פעילה:
Long
הערה:
hammer at h4 confirms buy signal for short term
הערה:
This is called crack and snap = false breakout!!!
הערה:
This is called support jump!!!
הערה:
Short here we go again after hitting same resistance line.
הערה:
short area coming soon, middle line of two channel will be potential short.
הערה:
Get ready for the short.
הערה:
Broken resistance now support is soon going to be reached, possible movement scenario is in following chart,
עסקה פעילה:
Strong short triggered.
הערה:
Short journey has started at resistance line.
הערה:
key area to break for bearish move.
הערה:
nice reversal upon hitting resistance line, target is middle line between two channels. price potentially jump after hitting middle line.
הערה:
pay attention to middle line between two channels for bullish bias. because recent sharp bullish move won't let price to go much down.
הערה:
get ready for long as soon price hit the middle line, this time its not going to break. hitting middle line could result in huge rally up.
הערה:
this is chart which make confluence with middle line of this idea.
