On 4h timeframe we see a very clear falling wedge pattern on the chart.
Also nice confluence with 4h demand zone. Price should bounce from here.
If falling wedge pattern seems legit (we break the pattern to the upside) we shall make a new higher high.
Also nice confluence with 4h demand zone. Price should bounce from here.
If falling wedge pattern seems legit (we break the pattern to the upside) we shall make a new higher high.
Trade active:
Possible bottom should be in. But... a close underneath 0.786 fibonacci means exit trade.
