Bull-flag_pattern_2nd-confluence_to_340
2024-12-14
Category: None

So the last deep retracement to 202.78, was inside the Golden zone on the H4 timeframe

this was of sorts also the confirmation of the lower end of the bull flag, as the H4 candle body closed inside the channel border.

this was a text book bounce from inside the golden-zone (50-61fib), and if one fib's the zone, the wick, was a perfect rejection off the 61fib

lastly, the channel seems true, as the 13th Dec wick, was again a perfect rejection off the channel ADR (middle line)