I draw all my trendlines on the close price, 90% of the time on H4 timeframe.
In this case price rushed up on H4 to close above (at least on my feed). An indication that it wanted to hold it and prevent a bearish signal (retest).
In this case price rushed up on H4 to close above (at least on my feed). An indication that it wanted to hold it and prevent a bearish signal (retest).
DislikedHello there Emene, I am trying to find out how did you plot the ascending TL that is in confluence with the 38% fib? I got a break and retest on that one...Ignored
Hello.