Reading the Right Side of the Chart : BRENT
Price closed above the Monday high/Weekly high and there was a slight bearish reaction. I am biased on the bearish side because the P3 activation. I, however looking for the price to make another push and test yesterday's high and if it could reach the last month's high (green line) and take out the liquidity pool sitting above yesterday's high and the monthly high.
I am anticipating a quick stop hunt at yesterday's low and maybe even towards Monday's low, as long as it doesn't close beyond that. If price closes below Monday's low, then I will re-assess my bias and analysis.
I am anticipating a quick stop hunt at yesterday's low and maybe even towards Monday's low, as long as it doesn't close beyond that. If price closes below Monday's low, then I will re-assess my bias and analysis.
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