good looking set up...
On the break of a trendline and major zone like the one shown on this chart, a
short position should be established.
Analysis of daily charts is similar to analysis of weekly charts. The dif-
ference between them is basically that a smaller time interval allows you
to define critical levels and zones more precisely and accurately, to plan a
future trade. Furthermore, some formations that cannot be identified on
the more large-scale charts, can be visible on the charts with the shorter
time frame.
On the break of a trendline and major zone like the one shown on this chart, a
short position should be established.
Analysis of daily charts is similar to analysis of weekly charts. The dif-
ference between them is basically that a smaller time interval allows you
to define critical levels and zones more precisely and accurately, to plan a
future trade. Furthermore, some formations that cannot be identified on
the more large-scale charts, can be visible on the charts with the shorter
time frame.