We ran last week's previous highs, and the structure is bullish. So, we logically need some sort of bull back unless the price is ultra-bullish and starts rejecting the local range on the chart with 62.709 low. If we manage to break through it, we have our bull back to trade lower. If we start to reject 62.709 +OB and shift the structure higher, we keep buying. Simple as that. Overall, on the weekly range, we are in premium pricing, so we do not buy spots, etc. It was last month when we were in a discount. If you missed it, it's not advised to make spot buys.
Daniel P. Fadejev
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Daniel P. Fadejev
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.