Top down analysis:
D1 (Higher timeframe - trend direction):
Looking for a clear trend and support & resistance
Lower low - lower high on D1 (clear downtrend)
Resistance level på D1 has been respected
H4:
Looking for countertrends
Nice long pull back (countertrend) on the H4
Price is closer to the upper trendline (lots of headroom for the price...
D1 (Higher timeframe - trend direction):
Looking for a clear trend and support & resistance
Lower low - lower high on D1 (clear downtrend)
Resistance level på D1 has been respected
H4:
Looking for countertrends
Nice long pull back (countertrend) on the H4
Price er closer to the upper trendline (lots of headroom for the price to continue down)
...
Top down analysis:
D1:
Lower low - lower high on D1 (downtrend)
Resistance level på D1 has been rejected
H4:
Nice pull back on H4 - trendline has now been broken and H1 candle closed past last trendline touch
price not going all the way back to D1 resistance before we get selling pressure coming in
H1:
Bearish Divergence
red candle
Aggressiv SL (last fractal...
Top down analysis:
D1:
Lower low - lower high on D1 (downtrend)
Resistance level på D1 has been rejected 3 times
H4:
Nice pull back on H4 - trendline has now been broken and H1 candle closed past last trendline touch
Pull back to H4 trendline - rejektion of the trendline
price not going all the way back to D1 resistance before we get selling pressure coming in...
Price has broken the H4 trendline
Price has closed under Last H4 resistance
Price has tested and rejected the 50'% FIB retracement line.
A Bearish candle has formed on H1.
Going for a 100% FIB extension
Price has broken the H4 trendline
Bearish Divergence on H4
Price has closed under Last H4 support
Prisce has tested and rejected the 50'% FIB retracement line.
A bearish candle has formed on H1.
Going for a 100% FIB extension
