Main items we can see on the chart:
a) The price is on a well-tested support zone
b) The price has broken the descending trendline
c) We want to see a clear impulse outside the previous descending trendline + a 10-12 days correction
d) The reason we have decided that filter is because we observed similar behavior on the Weekly Chart in previous situations
WEEKLY CHART:
a) The price is on a well-tested support zone
b) The price has broken the descending trendline
c) We want to see a clear impulse outside the previous descending trendline + a 10-12 days correction
d) The reason we have decided that filter is because we observed similar behavior on the Weekly Chart in previous situations
WEEKLY CHART:
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