EURUSD 4HR
Market has created 3 Bulls leg up and finished 100%RT on the 3X Bear's leg.
As of right now we are transiting into a range market which is inside the 3rd leg making a range market.
This range market could either be a bullish or bearish momentum depending on several factor.
1. It will be a BULLISH momentum emerged if the market is able to 100%RT on the "2X" Bear's leg and have rest above it and claim it as a solid ground.
2. The BEARISH momentum will be emerge if the market is able to 100%RT on 3A, 3, 2 and 1 Bull's leg and claim its graves.
From the above picture we can see that 100% RT does change the market situation from a BEARS train into a range market which we will see whether it's a form of a Bear's Trend continuation or a BULLISH reversal
Market has created 3 Bulls leg up and finished 100%RT on the 3X Bear's leg.
As of right now we are transiting into a range market which is inside the 3rd leg making a range market.
This range market could either be a bullish or bearish momentum depending on several factor.
1. It will be a BULLISH momentum emerged if the market is able to 100%RT on the "2X" Bear's leg and have rest above it and claim it as a solid ground.
2. The BEARISH momentum will be emerge if the market is able to 100%RT on 3A, 3, 2 and 1 Bull's leg and claim its graves.
From the above picture we can see that 100% RT does change the market situation from a BEARS train into a range market which we will see whether it's a form of a Bear's Trend continuation or a BULLISH reversal
This is not investment/trading advise. Will not hold accountable for loss