Daily
Looking over at our Daily we can see price has found support with a huge push towards the upside. Is the bear market over?
Momentum definitely has shifted towards the upside. However no Daily confirmation.
4Hour
Switching over to our trend time frame we can see a new high is being formed. For more aggressive traders a break and close above our red line confirms our 4 hour will continue to move up.
Hourly
Lastly we can see on our trigger timeframe price is starting to prepare for another push towards the upside. A break and close above the red line confirms the move.
Conclusion
- Buy: After the break and close above our hourly resistance.
- Sell: NOPE
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How to Draw Trend-lines & Identify Trends
How to Draw Support/Resistance, Price Only
Disclaimer: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based off speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
Nice one!