Hello Fellow Traders. This is Richard, also known as theSignalyst.
on DAILY: Left Chart
📉 As per my last analysis (attached on the chart), after rejecting the demand zone, the bulls took over long-term by breaking above the last major high in orange.
on H4: Right Chart
We are currently in a correction phase.
🏹Trigger => for the bulls to take over short-term again, for the next bullish impulse to start, we need a momentum candle close above the last major high in gray.
Meanwhile, until the buy is activated, WBT can still trade lower till around 4.3 demand zone where we will be looking for buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
