Price recently broke structure to the upside but is now showing signs of a pullback. I’m expecting a drop toward the support zone, which is highlighted with the white marker. This area aligns with a volume cluster and previous structure, making it a strong candidate for a bullish reaction.
Higher timeframe sentiment remains bullish, so I’ll be watching this level for a potential bounce and continuation to the upside. If this zone fails, deeper support levels come into play.
Higher timeframe sentiment remains bullish, so I’ll be watching this level for a potential bounce and continuation to the upside. If this zone fails, deeper support levels come into play.
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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.