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The analysis captures price action strength in sellers and buyers highlighted in green and red. By doing so, this allows me to get an idea where price is likely headed and at the same time using parallel trendlines to help the target areas ($1,150/$2,250), and pullbacks.
2
Taking a look on how this pair trades led me to find similar patterns in the past that we may be going through in the charts today. Market moves labeled from W - Z showing approximately where we stand. Based off what we see this would be a signal to mainly look for long positions over shorts in the long run. As we creep into 2024 this gives us a quick bull run...
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