104,500 is out expected area into the next bearish 4hr block.
We have had a retracement structure that created liquidity. The liquidity was manipulated and pushed just below the inducement low to push people out of long positions (liquidity). After liquidity was captured, price started making bullish structure.
The bullish structure has been very choppy and price action is immediately going into demand in this structure.
There is a high likelihood of a strong push up coming because supply zones just can't keep up with the demand.
1hr timeframe: bearish structure
4hr timeframe: neutral
Daily: Bullish BOS has been achieved, therefore there is a bearish expectancy which has not appeared yet.
We have had a retracement structure that created liquidity. The liquidity was manipulated and pushed just below the inducement low to push people out of long positions (liquidity). After liquidity was captured, price started making bullish structure.
The bullish structure has been very choppy and price action is immediately going into demand in this structure.
There is a high likelihood of a strong push up coming because supply zones just can't keep up with the demand.
1hr timeframe: bearish structure
4hr timeframe: neutral
Daily: Bullish BOS has been achieved, therefore there is a bearish expectancy which has not appeared yet.
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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.