Morning traders!
4H Chart
Here is a great longterm setup with possibly multiple positions that can be taken here.
Currently we an " ADVANCED PATTERN FORMATION" with great support and resistance confluence
I built the "ADVANCED PATTERN FORMATION" on a Daily chart .
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
If the D leg completes i'll be looking for entries on the 60 min time frame
4H Chart
Here is a great longterm setup with possibly multiple positions that can be taken here.
Currently we an " ADVANCED PATTERN FORMATION" with great support and resistance confluence
I built the "ADVANCED PATTERN FORMATION" on a Daily chart .
There are pattern formations inside of pattern formations. Depending on your skill, understanding confluence as a trader becomes more and more important.
If the D leg completes i'll be looking for entries on the 60 min time frame