Do your year ahead analysis to get an idea of possible turning points. We make use of a weekly timeframe to analyze the year ahead, breaking 2024 up in to 4 quarters. From here we move down to lower timeframe for microscopic analysis and trade entries on lower timeframe. Higher timeframe trendline, speedlines, Fibonacci or Pivot Points remain longer in play. To learn more get our website link on our main profile.
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Price trading midway in a rising channel
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little price action from Jan up to now. this might be an indication of great indecision. Lower timeframes do offer trading opportunities but that falls outside the scope of this post.