The 4H Price Action is Signaling a Bullish Entry
2025-02-05
Category: None

The 4-hour chart is currently providing a bullish entry signal. The green markers indicate buy signals, while the yellow markers represent impulsive movements.

We are at the beginning of an upward impulse, positioned below the 20-period EMA. Additionally, there is an unfilled price gap up to 3307, which could act as a magnet for price action.

The bullish target is set at 3380, aligning with the descending trendline, marked in red, which serves as a key resistance level to watch.

The script automatically sets a stop-loss level at 2667, helping to manage risk effectively.

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