Based on what merit? We have seen a nice impulse into the channel and a rejection upon reaching the zone of $29.00. Good question, based on the fact - from a technical standpoint - the sell off back in February, March 2020 - reversed on a fractal point within the market structure to the crisis of the reluctance for the demand of the Commodities. However, this produced a demand zone to hold from so we have a buying opportunity.
This imbalance was created in which created the impulse. Price re-established itself now between $22-27 zone for a further imbalance where price will now look to as a strong demand for price engineering if needed.
Looking for an entry? Based on the orange trading consolidation.
Now we are in 2021, we can now look at buying opportunities.
Why follow us? Updates on our pairs as and when we can. Swing trade out looks 10 years combined experience in capital markets simple breakdowns for beginners through to advanced . KISS - keep it simple stupid. Pure imbalance trades - with further explanations on the graphs to understand.
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