Downtrend fractals are showing from the 5 minute and up into the 15 minute timeframes. These fractals are a reflection and in theory identical to its larger self.
When these different timeframes converge into each other you increase the probabilities of the larger shape continuing its directional pattern.
You have the option to build into these positions and keep a hedge to protect your risk to reward ratio or wait for a larger time frame to confirm the downtrend.
*I will be looking into the 4 hour timeframe.
When these different timeframes converge into each other you increase the probabilities of the larger shape continuing its directional pattern.
You have the option to build into these positions and keep a hedge to protect your risk to reward ratio or wait for a larger time frame to confirm the downtrend.
*I will be looking into the 4 hour timeframe.