Hello again!
Here we have a good example of price action. If this hourly candle makes a move in the next 10-15m we might see a rip up too 2400. It’s already wicked down a bit and could potentially signal buyer support if it looks like a strong hammer candle.
If you look at the 4HR we see a nice hammer candle that respects this diagonal which is why I bought earlier…
Still holding and to see if this breaks down.
Don’t really have a plan if this breaks down… will wait to see if my SL gets hit and reconsider my options.
GL everyone.
Here we have a good example of price action. If this hourly candle makes a move in the next 10-15m we might see a rip up too 2400. It’s already wicked down a bit and could potentially signal buyer support if it looks like a strong hammer candle.
If you look at the 4HR we see a nice hammer candle that respects this diagonal which is why I bought earlier…
Still holding and to see if this breaks down.
Don’t really have a plan if this breaks down… will wait to see if my SL gets hit and reconsider my options.
GL everyone.
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