The price has fallen below the lower fractal on the chart. This defines the phase space as southern. Accordingly, the most probable scenario for the price change is its decrease. To assess the prospects for the development of this movement, other market dimensions will be analyzed.
At the same time, the Awesome Oscillator histogram is currently above the zero line.
The AC indicator has formed the green bars above the zero level. This is a signal that the downward movement is losing strength locally. However, the southern movement scenario is relevant as long as the price remains below the Alligator’s red line.
As it is seen the AC and AO indicators are green. There is a sign of a correction developing or of a local trend changing. The strength and energy of the downward movement are experiencing deceleration, but the price remains below the red Alligator line. That’s why a downward movement is still a priority.
The color of the histograms of the Gator indicator changes, so this indicator has not formed a clear signal yet.
To sum up, the phase space is noted to be southern, but the indicators show a signal about the possible development of a pullback movement. This possibility can be used to find entry points in the direction of the main movement at more beneficial prices.
📊 Sell Stop 3.374
❌ Stop Loss 3.389
After entering the market, Stop Loss is moved along the red line after closing each candle. The profit is fixed by moving Stop Loss, or when opposite signals appear on the AO, AC, Gator indicators.
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