Price is forming a range on the MTF. After a slow but steady grind down with the range price has now found support at the daily level which coincides with the POC of this rotation. This would be a good place for some relief upwards before we visit the range low. On the LTF's price is already showing bullish signs (breakout of range on the H1 + H4). If we can close above the range on the H4 I will attempt a long into the daily supply zone.
Note
If we can close this H4 above 7243 I will consider the resistance flipped. Bit worried about the lack of volume on this breakout though.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.