I don't think i need to explain more than the analysis did itself.
Scenario 1# (Yellow): This scenario is the most likely to happen depending on the state of the market. Sideways moves till it collapse nearby the downtrend to the green line level.
Scenario 2# (Blue): Not that much. weak chances to success. An earlier visit to the downtrend by staying bullish for maybe 1 day and a half or less, exactly the same blue arrow degree. Then directly to the green line level.
When price reaches the next time period go to M15 / M5 chart to identify which scenario will happen.
The green line is a strong support level, strong enough to smack the price to the downtrend with a lovely stable uptrend.
Scenario 1# (Yellow): This scenario is the most likely to happen depending on the state of the market. Sideways moves till it collapse nearby the downtrend to the green line level.
Scenario 2# (Blue): Not that much. weak chances to success. An earlier visit to the downtrend by staying bullish for maybe 1 day and a half or less, exactly the same blue arrow degree. Then directly to the green line level.
When price reaches the next time period go to M15 / M5 chart to identify which scenario will happen.
The green line is a strong support level, strong enough to smack the price to the downtrend with a lovely stable uptrend.
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.