Hello TradingView family / fellow traders. This is Richard, aka TheSignalyst.
in a day: left graph
WBT Sits sturdy inside demand area So we will look for buy setups on lower timeframes.
On H4: Correct diagram
WBT Formation of a red channel, but it is not ready to go yet.
trigger => For the bulls to take control, we need a momentum candle to close above the upper red trendline and the last significant gray high.
Meanwhile, until the purchase is activated, WBT He can still trade at a lower price to the extreme minimum demand area about 3.0
Always follow your trading plan regarding entry, risk management and trade management.
good luck!
All strategies are good. If managed properly!
~ rich