My previous idea showed a downward bearish breakout of a overall bearish channel on 4HR, combined with EMA Close on Daily Timeframe I thought a bearish move was guaranteed.
On 4hr, market has respected the Daily TF trendline. It would be interesting to see how this will break out.
Disregarding the EMA Cross and focusing entirely on chart patterns, Market should ...
ANALYSIS ON DAILY, 4HR, 1HR
For intraday trading follow these steps
On daily TF look and what do you see
Price is respecting a zone
A upward trend has formed and thus forms a chart pattern
this pattern is called a ascending wedge (amongst many others)
The wedge was broken and retested forming a double bottom which indicates price will move back up