As a speculator, you have to decide what side you want to participate in the market. Overall the trend is bullish but we are due for a pullback. It is left for you to look on lower TF to catch the move.
Previous highs have been taken out, creating a retracement to continuing long which in turn confirms the swing low. After the previous market structure was taken out. Feel free to share your suggestions in the comment section.
We could possibly see a continuation down based of this wyckoff schematics
The name of the game is LIQUIDITY. We see EQL created that would be possibly taken out before the continuation of the trend. Would like the know what you guys think. Please leave your comments below.
Price reacting a the monthly POI for a pullback to get that HL before the continuation of the trend.