Use this as an idea to develop your own setup and find the major zones on the chart.
Main items we see on the 4HS chart:
a)The main structure was a Descending Channel that has been broken.
b)Currently, we can see a big structure maybe a Flag Pattern.
c)Using Wykoff law of Cause and Effect, the impulsive way that will come after the breakout of this structure
will be proportional at least, to the size of the range.
d)To take long setups on this trade we will wait for the first breakout of the structure, after that we will go to a lower timeframe
like 1H or 30 Min, to look for a pullback with a small formation, our idea will be to trade that breakout of the mentioned formation.
Weekly Vision:
Daily Vision:
Main items we see on the 4HS chart:
a)The main structure was a Descending Channel that has been broken.
b)Currently, we can see a big structure maybe a Flag Pattern.
c)Using Wykoff law of Cause and Effect, the impulsive way that will come after the breakout of this structure
will be proportional at least, to the size of the range.
d)To take long setups on this trade we will wait for the first breakout of the structure, after that we will go to a lower timeframe
like 1H or 30 Min, to look for a pullback with a small formation, our idea will be to trade that breakout of the mentioned formation.
Weekly Vision:
Daily Vision: