Bearish 4h Swing with Potential 15m and 5m Bullish Movements
The 4h remains bearish. Price has retraced into an extreme demand zone; the next move will depend on whether we see the 15m swing flip bearish as confirmation for potential downside action. If confirmed, the focus would shift to targeting the weak 4h swing low. The current 15m swing is bullish. The internal structure has already flipped bullish. Price could be ready here to take out the weak 15m swing high.
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.