After a large bullish impulse, the downtrend structure has become slightly shallower, indicating a possible shift in the strength ratio towards an increased buying interest.
The lower high is significantly closer to the most previous high compared to other low swings in the downtrend.
-Looking for price to move downwards towards this previous LL area before retesting and possibly reversing.
Please leave a like if you're on a similar wavelength, otherwise feel free to comment any ideas that suggest the possibility of alternate price movements!
(ALL FEEDBACK IS APPRECIATED)
Have a fantastic day traders!
The lower high is significantly closer to the most previous high compared to other low swings in the downtrend.
-Looking for price to move downwards towards this previous LL area before retesting and possibly reversing.
Please leave a like if you're on a similar wavelength, otherwise feel free to comment any ideas that suggest the possibility of alternate price movements!
(ALL FEEDBACK IS APPRECIATED)
Have a fantastic day traders!
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.
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.