Bearish momentum kicked in and 15m has turned back into bearish OF which aligns with daily and weekly bias. We can see price is now forming a pullback to the most recent 15m bearish leg, we may see price go down from here or the low holding and price pullback up to the premium of the leg and take out the BSL (EQH) before continuing down.
It doesn't matter price wants to continue to put in a new inner daily HH or to give a deeper pullback to the daily demand zone below, at this point, price is now forming the pullback after the most recent bullish impulse move. If price wants to continue lower, as we are reacting off a 4H major demand, we expect a major pullback which is to at least sweep some BSL...
In 1H/15m, the most recent impulsive move to downside showing a clear bearish intention. The push is clean and clear, and the way price is pulling back now showing the bearish momentum is way more stronger than bullish atm. Impulsive downmove, corrective upmove. Also the low is not formed well, rounded bottom, this will probably be used as ERL when the price turns...
Price mitigates the low of last major B2S which is also the low of 4H Extreme. After liquidation, we get a 15m bearish CHoCH, it's the first sign of bearish intention. The way price move to sweep the LQ and complete the CHoCH is pretty impulsive, we may consider this as a V-shape recovery, aggressive up aggressive down. I will be favoring short atm, if price gives...
In terms of HTF, we are in strong bearish momentum, price is reacting off a 4H OB, we get a V-shape recovery, it's sign of demand kicking in. However, based on we are in strong bearish trend and now price has given a 15m bearish CHoCH and price is respecting supply after 15m CHoCH, I will be aware of getting involve. There is a chance price could continue the...
Comprehensive Top-down analysis of GU. In terms of Daily Market Structure, it's arguable that price has now back into bullish, price come back to take out the daily IRL and mitigates the last daily S2B/weekly demand and continue up. Previously I do expect price to continue the bearish OF based on weekly inner bearish OF from the 4H LQ POI. However, from how price...
Previously, we expect price to continue bearish and even to take out the daily low. However, 4H is now showing a sweep to bothside (BSL & SSL) but yet to give a clean break to either side. We may see this as a sign of range or indecisive. 4H OF is still consider bearish but price swept the LQ from the left and immediately retrace (LW to downside). The large wick...
Price as expected use the previous 4H swing high as structural LQ. Now price has done its job to go bullish, we may starts to look for short aggressively.
Price is now reacting off a daily D2S, in 4H it's a refined 4H LQ POI. However, if price wants to continue lower to take out the weekly low, we might need some more LQD as price didn't sweep significant LQ from the left in 4H. The 4H structural high become the best inducement for price to liquidates to refuel the bearish momentum. Therefore, we might see price go...
In terms of daily, we may see the high as weak but price showing respect to the extreme and gives a daily bearish CHoCH, we might have a chance to run the high or respect the high daily high. In 4H, price mitigates this strong supply (4H LQ POI) once, and continue to trade higher, we may see this as a FR too but price is now giving another bearish 4H CHoCH, which...
In terms of 4HTF, price gives a 4H bullish CHoCH after sweeping the IRL from the left, although we are in bearish OF but price yet to give a decent pullback, therefore, the CHoCH can be see as a bullish intention for initiating the 4H pullback. In terms of 15mTF, price is now back into bearish OF after giving a 4H bullish CHoCH, we may expect price to continue...
Price just gives a 4H BOS to downside but we yet to get a decent 4H pullback. Price is now tap into a 4H unmitigated demand, we might see some reaction from here. If demand starts taking back control I expect price to pullback to the 15m decisional supply and continue bearish as bearish intention is clear from HTF.
In HTF, price is reacting off daily supply, we get a 4H CHoCH and 15m trend change into bearish OF. Recently price gives some reaction to the 4H demand and take out some BSL to refuel the bearish momentum. Now the 4H OB Demand has failed, we expect price to continue lower. However, in 15mTF, we can clearly see price is losing bearish momentum based on the...
Price is now in the pullback of Daily & 4H bullish OF. 4H bearish CHoCH with 15m bearish OF is the best evidence for pullback. As price hasn't pullback to any significant demand or to the discount yet, there is still room for price to continue lower. Last Friday, price swept the BSL but failed to put in a new 15m LL, we are now pulling back, let see how price...
Price is now reacting off a 4H demand, we could see demand is now taking back control. Price could either respect the 4H supply above or continue to take out whole supply and use the high as LQ to continue lower. Let see how PA develop especially after it takes out the 15m structural LQ from the left and mitigates the 4H B2S.
Current Market Condition: Market Structure (MS) & Order Flow (OF): Weekly: Bearish OF, price is now in the pullback stage. Daily: Bearish OF, price has pullback to the EQ of the leg and 2nd mitigates the daily D2S supply. 4H: Bullish OF with bearish CHoCH. Although we are in bullish OF but the way price move down after CHoCH is pretty impulsive. Momentum: 4H:...
Price has now taken out the LQ from the left and respecting the 15m D2S by giving a 15m bearish CHoCH. If price come back up we might see price respecting the high or use this structural high as the LQ as it barely taps into the supply. If price taken out this structural high and immediately reverse we may then look for Short and aim for the downside LQ from the left.
Current Market Condition: Market Structure (MS) & Order Flow (OF): Daily: Bullish OF, price gives a daily BOS but yet to give a decent pullback. Price is now mitigating a significant daily supply and giving some decent reaction to it. It might be the initiation of the daily pullback. 4H: Bullish OF, price has reach a HTF supply, we get a minor 4H bearish...