Day uptrend -> pullback is bearish
4H dowtrend -> pullback is bearish
M15 Uptrend-> current is bullish
The price increased and broke through the strong swing high, so in the M15 time frame it turned into an uptrend
life cycle of the wave structure
Day is uptrend => 4H is dowtrend => M15 is uptrend => 4H is uptrend => Day Uptrend
4H dowtrend -> pullback is bearish
M15 Uptrend-> current is bullish
The price increased and broke through the strong swing high, so in the M15 time frame it turned into an uptrend
life cycle of the wave structure
Day is uptrend => 4H is dowtrend => M15 is uptrend => 4H is uptrend => Day Uptrend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.