As you can see, Price is encountering a Daily Internal Retracement. We shall see if Price is Retracing or Reversing, based on the Price Action we encounter here. The basis that this could also be a reversal here is the fact Price has shown respect to the Weekly Equal Highs level. Price is also encountering a 12hr Internal Retracement after encountering a BOS & showing respect after coming into 12hr Structure.
_SnipeGoat_
_TheeCandleReadingGURU_
#PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #PreciseLevels #ProperTiming #PerfectDirection #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
_SnipeGoat_
_TheeCandleReadingGURU_
#PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #PreciseLevels #ProperTiming #PerfectDirection #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
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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.