Daily - Price is stuck in a descending channel, and almost hitting the top of the channel. -> indicating possible reversal if moved impulsively to the downside.
4H - Price is in an ascending channel and on the LTF forming a descending channel indicating reversal if the LTF channel broken higher.
1H - Wait for the break and continuation pattern must proceed, and the reason for that is because the price has moved impulsively downwards, and only an impulse followed up by a correction continuation would indicate further momentum of the reversal.
4H - Price is in an ascending channel and on the LTF forming a descending channel indicating reversal if the LTF channel broken higher.
1H - Wait for the break and continuation pattern must proceed, and the reason for that is because the price has moved impulsively downwards, and only an impulse followed up by a correction continuation would indicate further momentum of the reversal.