Bullish Scenario
My bias leans bullish here as there is more confluence to support the idea.
Weekly OB paired with a more recent daily OB should provide some good demand for a substantial move up.
Also present is a break of the trendline shown, which may be arbitrary but does add some confluence. Any daily closes below 7806 would invalidate this idea.
Weekly OB paired with a more recent daily OB should provide some good demand for a substantial move up.
Also present is a break of the trendline shown, which may be arbitrary but does add some confluence. Any daily closes below 7806 would invalidate this idea.
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