hi im msnp thank you for reading this article please support us with follow and boosting this idea
ok lets see some charts
1D chart:
you can see that we were in a up trend and now we break the trend line are we making an ABC pullback in retest of TOP? or we can break the top? notice that whole chart showing a big trading range zone
4H chart :
in 4h chart we can see a very good bull trend but look at end of trend bears was so strong that can break EMA so this is a warning for traders that may bull trend is about to end ok so bears are strong at least as bulls
1H chart :
we can see a break below the trend line and now we are making LH and LL we can shape a bear channel you can see a good reaction at top of channel, for next week we can expect 2 or 3 scenarios:
1. a double top at current price and go for LL
2. testing the top and then a double top
3. bulls can break above H and above the TR that means a new bull trend.
ok lets see some charts
1D chart:
you can see that we were in a up trend and now we break the trend line are we making an ABC pullback in retest of TOP? or we can break the top? notice that whole chart showing a big trading range zone
4H chart :
in 4h chart we can see a very good bull trend but look at end of trend bears was so strong that can break EMA so this is a warning for traders that may bull trend is about to end ok so bears are strong at least as bulls
1H chart :
we can see a break below the trend line and now we are making LH and LL we can shape a bear channel you can see a good reaction at top of channel, for next week we can expect 2 or 3 scenarios:
1. a double top at current price and go for LL
2. testing the top and then a double top
3. bulls can break above H and above the TR that means a new bull trend.
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