We have a protected low and targeted high. Those swings points were a complex pull back for the daily TF. We can see that price moved correctively upwards and left clear demand zones to trade from. We now have a internal break bearish to those demand zones. So this is the complex pullback for the 4h. Price ranged at this demand zone and eventually swept the lows and FTC'd the range high. We can see have a valid demand zone we can look for our entry model on. We are currently price in discount.
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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.