The 3 labeled zones resemble the primary focuses for this setup. The current price has pull-backed downwards, which has also confirmed the Daily Bearish OB. The H4 Support level will retrace the price back to the Sunday (day of posting) price, reminiscing the past market structure from June 19th to June 24th. Once the price has reached the hourly low, the Monthly and Daily Bullish OB will most likely drive the price upwards.
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.