ON h4 price has been plunging sharply until the shape of an ed channel at h4 appears.
Tx also identifies this channel as a 1234 , giving a blue box near multi weeks low as well.
having more time on hands, i must develop and pounce on this type of opportunities where momentum is exhausted and prepares to bounce off for mean reversion.
on m5 , this chart illustrates the concept of fractals yet again, a channel within channel play.
As long as i see a price macd divergence I will have to act on it.