Here is a Visual of the Daily and 4Hr chart.
Firstly the Daily chart Point (v) in Red is Projected much higher in relation to the Monthly Trend line intersection.
The 4 Hr point (v) in Blue has two possible Target Point , if for some how Price does break through the Bottom of the Blue Trend Line then look for Price to Retrace as far as the Red bottom Channel Line.
You can aslo scale down to a 15 Min or 1 Hr Charts to find the Possible Correction Points .
Firstly the Daily chart Point (v) in Red is Projected much higher in relation to the Monthly Trend line intersection.
The 4 Hr point (v) in Blue has two possible Target Point , if for some how Price does break through the Bottom of the Blue Trend Line then look for Price to Retrace as far as the Red bottom Channel Line.
You can aslo scale down to a 15 Min or 1 Hr Charts to find the Possible Correction Points .
Kommentera:
Just thought the 4 Hr will explain it much better .
