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oh you imaginary lines
H4 now, D1 back earlier this year… as I often spam: EMA/MA compression -> Trend -> Gap fills > EMA/MA compression -> (..)
3.8. klo 11.48
H4 300 MA tapped.
Now
- light a candle this H1 downtrend breaks, same one since 118/119k
- into H4 EMA/MA compression (H4 300 must hold, H4 200 EMA flat in middle, H4 100 MA must break), if that fails -> D1 100 MA last bulls stand
- H4 trend/H4 200 EMA = partial TP if longed the retest
In the quoted tweet you can see examples of
- compression with deviations above/below (last year D1)
- compression without deviations (earlier this year)
As I mentioned above, a confirmation it successfully broke can be whether trend immediately defended outside of it or not.
GL
Basically don’t want to repeat June deviation on H4, want to repeat April exit on D1
🫡🥖
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