HTF - Market reached an HTF level with an impulsive bounce from it, indicating a reversal of bias of the market.
LTF - After the price hit the HTF level, it moved impulsively down and formed a corrective structure which then broke out, which indicates further bearish momentum.
Keep it simple keep it straight, the more complicated we make the less accuracy we'll obtain.
It is important to be aware that at these times of uncertainty and chaos, markets can be extremely volatile, news can change market bias at any time, especially with geopolitical events, where unexpected behaviors can change price movements in a second. Keep it safe, simple, and smart.
LTF - After the price hit the HTF level, it moved impulsively down and formed a corrective structure which then broke out, which indicates further bearish momentum.
Keep it simple keep it straight, the more complicated we make the less accuracy we'll obtain.
It is important to be aware that at these times of uncertainty and chaos, markets can be extremely volatile, news can change market bias at any time, especially with geopolitical events, where unexpected behaviors can change price movements in a second. Keep it safe, simple, and smart.
