Use this as a guide to develop your view of the chart
Main items we can see on the 4HS chart:
a)The price broke out from a falling wedge pattern
b)After that, we saw a clear impulse to the next resistance zone
c)Currently the price is on a corrective structure
d)We think that the resolution of the current corrective structure will develop on a bullish movement towards the next resistance zone at 12.000
e)For trading, we will be waiting for the breakout of the corrective structure and a clear pullback. If that happens we will develop our Long setup.
Daily Chart:
Main items we can see on the 4HS chart:
a)The price broke out from a falling wedge pattern
b)After that, we saw a clear impulse to the next resistance zone
c)Currently the price is on a corrective structure
d)We think that the resolution of the current corrective structure will develop on a bullish movement towards the next resistance zone at 12.000
e)For trading, we will be waiting for the breakout of the corrective structure and a clear pullback. If that happens we will develop our Long setup.
Daily Chart:
