Hello Traders,
As per yesterday’s analysis, price successfully swept the weak internal lower low (LL), but failed to close below structure. Instead, price has shifted bullish, indicating that sellers were overpowered by buyers at that level.
Before considering any trading decisions, I would like to see price take out the Buy-Side Liquidity (BSL) to confirm the bullish intent. Additionally, note that the new weekly gap on the 4-hour timeframe remains unfilled, which could act as a magnet for price in the short term.
As per yesterday’s analysis, price successfully swept the weak internal lower low (LL), but failed to close below structure. Instead, price has shifted bullish, indicating that sellers were overpowered by buyers at that level.
Before considering any trading decisions, I would like to see price take out the Buy-Side Liquidity (BSL) to confirm the bullish intent. Additionally, note that the new weekly gap on the 4-hour timeframe remains unfilled, which could act as a magnet for price in the short term.
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.
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.