We can see that the price is in the area of D Low.
This week, the price hasn’t made a lower low, which is why I expect the price to enter a bullish momentum.
We have a double bottom pattern as well as a Doji candlestick.
Monday will be a slow day, so the Doji momentum will likely continue, but starting from Tuesday, I expect the price to rise and move towards the D TF imbalance.
On a lower time frame, we need to wait for a BOS (Break of Structure) to occur in order to have confirmation for a Buy.
Just be patient and wait for everything to align.
This week, the price hasn’t made a lower low, which is why I expect the price to enter a bullish momentum.
We have a double bottom pattern as well as a Doji candlestick.
Monday will be a slow day, so the Doji momentum will likely continue, but starting from Tuesday, I expect the price to rise and move towards the D TF imbalance.
On a lower time frame, we need to wait for a BOS (Break of Structure) to occur in order to have confirmation for a Buy.
Just be patient and wait for everything to align.
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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.
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.