Looks to me like we are in a normal flag after a large bullish impulse wave and are testing the bottom of the flag for the last time.
- Price has been flagging after big bullish impulse wave
- Price is at a previous horizontal support level
- Price is retesting downward support line and has just achieved a 4H bullish pin bar right on the support line with a bullish divergence.
- Price has been flagging after big bullish impulse wave
- Price is at a previous horizontal support level
- Price is retesting downward support line and has just achieved a 4H bullish pin bar right on the support line with a bullish divergence.