I will be looking for buys on GN this week.
Technical reasons:
Price has flipped the 4H bearish structure and created a strong impulsive move to the upside. Since then, momentum into the demand zone has been weak, which is exactly what I want to see in a healthy pullback. There’s also liquidity resting above 4H high, which makes a great first target for the next leg up.
This is a high-probability setup, as it aligns with trend continuation.
Also price made accumulation and the demand zone just aligns with 70% pullback.
Let’s see how the market plays out.
Technical reasons:
Price has flipped the 4H bearish structure and created a strong impulsive move to the upside. Since then, momentum into the demand zone has been weak, which is exactly what I want to see in a healthy pullback. There’s also liquidity resting above 4H high, which makes a great first target for the next leg up.
This is a high-probability setup, as it aligns with trend continuation.
Also price made accumulation and the demand zone just aligns with 70% pullback.
Let’s see how the market plays out.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.