H4 Trend Analysis
The same pattern as the one in grey might form up.
It was charted in blue with the tool Ghost.
When extend, it coincides with previous resistance identified.
Key point:
Support area is tested and kept;
Channel is forming up;
Mid Term Target based on previous High
Short term resistance : Area to open low R:R with Mid Term as the target
Support Zone is the best buy zone but with a Higher R:R. Have to be careful because the short Term Resistance represents the previous Higher High from the trend reversal. Needs to be broken to keep the momentum.
The same pattern as the one in grey might form up.
It was charted in blue with the tool Ghost.
When extend, it coincides with previous resistance identified.
Key point:
Support area is tested and kept;
Channel is forming up;
Mid Term Target based on previous High
Short term resistance : Area to open low R:R with Mid Term as the target
Support Zone is the best buy zone but with a Higher R:R. Have to be careful because the short Term Resistance represents the previous Higher High from the trend reversal. Needs to be broken to keep the momentum.
