I am looking for long if price comes back to one of two levels.
-Option 1: the green zone of three confluence with neckline and fibo 50% + 61.8%
-Option 2: the previous support and fib 23.6%
For me, the ideal place to buy is the green zone and price bounce within a trend line.
And, when price falls toward to the level, it has to create a small wave either on ...
Two reasons I am looking for short are;
1. Double top at the resistance
2. Price failed to break above the 4 hour upper channel (a purple dotted line)
I will consider to short only if;
1. The price breaks below the neckline and the 4 hour lower channel (a purple dotted line)
2. The price pulls back to the the neckline and the 4 hour lower channel (a purple ...