A very consistent week of delivering to higher prices. Price action rallied to the 50% equilibrium on the daily chart this week to a Premium Market. Price rebalanced a Daily SIBI and continued its trend of seeking higher prices for the previous week.
My analysis is indicating we are in a bull market.
It seems likely for Price to continue to rebalance the HTF Daily SIBI while seeking higher prices. I suspect that Price will reach for the big figure number 1.08700 for the weeks target.
I also anticipate for price to gravitate to sell stop targets noted and potentially come back into the noted Daily BISI 1.07600 range and rebalance and seek LTF IFVG.
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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.