HTF - Market has been in a descending channel since around April of 2021.
LTF - Now in the LTF it has broken the HTF structure but it is not continuing its course as it was supposed to, however, it is forming another descending channel which is a reversal pattern... With that said, we might get an impulsive move up and what we should expect next would be a continuation correction pattern so that we can get into a nice risk-reward trade.
LTF - Now in the LTF it has broken the HTF structure but it is not continuing its course as it was supposed to, however, it is forming another descending channel which is a reversal pattern... With that said, we might get an impulsive move up and what we should expect next would be a continuation correction pattern so that we can get into a nice risk-reward trade.