PA patterns are forming. A bullish and bearish contradict each other, leading one to believe that both must play out. Such contradictions also lead to sideways trading. We are in the weekend and the traders will be back online Monday.
I suggest that the Bullish Flag wins over most of the time, however some of the higher TF's indicators are seeking resets which call for a bit of a price drop. Traders refer to this as a normal bullish correction dip.
As easy as trading might seem, there are lots of reasons that PA moves one way or the other. Formations alone like the ones I have suggested are only guides to help see a possible move in one direction or the other.
I suggest that the Bullish Flag wins over most of the time, however some of the higher TF's indicators are seeking resets which call for a bit of a price drop. Traders refer to this as a normal bullish correction dip.
As easy as trading might seem, there are lots of reasons that PA moves one way or the other. Formations alone like the ones I have suggested are only guides to help see a possible move in one direction or the other.
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The chart above does show us that Price Action did win on the Bullish Flag.
However PA finds itself back to the "Neutral Zone". Which leads us to ponder if PA will pass on thru the "Chop Chop Zone" to the down side.
Clicking on the Chart below .. will provide an additional link to the next Run-Chart.
Explaining how a 1-hour divergence future move might play-out into a 4-hour Divergence bounce.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.