After a nice impulse up on the weekly and the daily, buyers were taking back important zones from the sellers.
What we see now is the correction of this impulse.
So, long is impulse, short is correction. Now, price has been crawling up on H4 making a 3rd trend, a correction of the correction.
This may end after sellers bang the last start of impulse (SOI) on H4. This way price has the chance to make a correction impulse targeting the correction fibo 38.2, maybe even fibo 50 levels, where a daily north breakout (NB) zone may end the correction.
Alternatively, if the price rises beyond the last start of impulse (SOI) on H4, price goes back to the primary long trend.
But both of them are quite far away, so I stay away.
Trade safe! ⚪️⚫️
--------------------------------------------------------------------------------
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
WE JUST REACT!
Remember that trading is a business.
SIZE your TRADES according to your risk aversion!
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What we see now is the correction of this impulse.
So, long is impulse, short is correction. Now, price has been crawling up on H4 making a 3rd trend, a correction of the correction.
This may end after sellers bang the last start of impulse (SOI) on H4. This way price has the chance to make a correction impulse targeting the correction fibo 38.2, maybe even fibo 50 levels, where a daily north breakout (NB) zone may end the correction.
Alternatively, if the price rises beyond the last start of impulse (SOI) on H4, price goes back to the primary long trend.
But both of them are quite far away, so I stay away.
Trade safe! ⚪️⚫️
--------------------------------------------------------------------------------
ANYWAY, a lot of Qs about the direction of the price. But it doesn't matter.
WE JUST REACT!
Remember that trading is a business.
SIZE your TRADES according to your risk aversion!
----------------------------------------------------------
