We have a CHoCH (Change of Character) in the internal structure, and a bullish order block has been cleared. Price is currently within a supply zone, and there is a resistance line above the current price level.
It appears that price is aiming to pull back to lower support zones. These lower zones are fresh and unmitigated, so we expect that upon reaching them, price may bounce back upward toward the previous high.
A 4-hour candle closing above the invalidation level would invalidate this bias.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
It appears that price is aiming to pull back to lower support zones. These lower zones are fresh and unmitigated, so we expect that upon reaching them, price may bounce back upward toward the previous high.
A 4-hour candle closing above the invalidation level would invalidate this bias.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
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Disclaimer
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🔥 See hot signals and top analyzes on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
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.