OK this is a very nice way to see how our system works and what to look for.
Price action has strongly penetrated the 4hr DASR today and due to a couple of factors, it's probable that we're going to see a significant retracement.
What we want to see is a more strong bullish candles which will BEND our 4 hr tunnel upwards. Then we will be looking for a bearish retracement back to the DASR area in order to find a good place to buy.
Due to the fact that the upmove at the moment is very much against the daily down trend we will definitely get price action coming down to test support maybe more then once!
Price action has strongly penetrated the 4hr DASR today and due to a couple of factors, it's probable that we're going to see a significant retracement.
What we want to see is a more strong bullish candles which will BEND our 4 hr tunnel upwards. Then we will be looking for a bearish retracement back to the DASR area in order to find a good place to buy.
Due to the fact that the upmove at the moment is very much against the daily down trend we will definitely get price action coming down to test support maybe more then once!