There is a demand zone that sits below structure on the 4 hour. Price broke a previous high coming out of the demand zone confirming bullish momentum. If price fails to break the last higher high, it may go down to the demand to retest and then move to the upside.
Price is currently on a retracement to the upside. If price can make it to the 100 FE (blue box) it will be expected to do a pull back to the down side.
-If price break Point 2, 4, or 6 cancel the setup
-Price needs to break Point 1, 3, and 5 to confirm the setup
When price reach the 100FE it normally does a pullback or reversal
The market can Truncate
Rules:
-If price break Point 2, 4, or 6 cancel the setup
-Price needs to break Point 1, 3, and 5 to confirm the setup
When price reach the 100FE it normally does a pullback or reversal
The market can Truncate
Rules:
-If price break Point 2, 4, or 6 cancel the setup
-Price needs to break Point 1, 3, and 5 to confirm the setup
When price reach the 100FE it normally does a pullback or reversal
The market can Truncate
Rules:
-If price break Point 2, 4, or 6 cancel the setup
-Price needs to break Point 1, 3, and 5 to confirm the setup
When price reach the 100FE it normally does a pullback or reversal
The market can Truncate
Rules:
-If price breaks Point 2, 4, or 6 cancel the setup
-Price needs to break Point 1, 3, and 5 to confirm the setup
When price reaches the 100FE it normally does a pullback or reversal
The market can Truncate
Rules:
-If price breaks Point 2, 4, or 6 cancel the setup
-Price needs to break Point 1, 3, and 5 to confirm the setup
When price reaches the 100FE it normally does a pullback or reversal
The market can Truncate
Rules:
-If price breaks Point 2, 4, or 6 cancel the setup
-Price needs to break Point 1, 3, and 5 to confirm the setup
When price reaches the 100FE it normally does a pullback or reversal
The market can Truncate
Rules:
-If price break Point 2, 4, or 6 cancel the setup
-Price needs to break Point 1, 3, and 5 to confirm the setup
When price reach the 100FE it normally does a pullback or reversal
The market can Truncate
