4-Hour Counter Pullback and Continuation from Demand Zone
The market is currently in a strong trend, and I am anticipating a counter pullback on the 4-hour timeframe. This pullback is expected to be temporary before the market continues in the direction of the primary trend. The area of interest is near a key demand zone, which has historically shown the potential for price to reverse and resume its movement.
I will be monitoring the price action closely around this demand zone for confirmation of the pullback and subsequent continuation. A successful retest and rejection of the demand zone would provide a strong signal to enter a position in the direction of the prevailing trend.
I will be monitoring the price action closely around this demand zone for confirmation of the pullback and subsequent continuation. A successful retest and rejection of the demand zone would provide a strong signal to enter a position in the direction of the prevailing trend.
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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.