From a daily perspective Swing structure remains bullish and we still maintain the bias that price made a deeper pullback retesting the demand zone created on Nov 1, 2023.
Immediately we tapped into that demand zone, price shot up.
However, The daily internal structure remains bearish and until price breaks the internal protected high, we continue looking for selling opportunities.
- At this point, i will stay clear off the market, until i get a clear directional bias.
-Also, it is important to note that this is the 2nd time our daily supply zone (created on Jan 7, 2025) is getting retested. Until we get a nice strong clearance away from that supply , we stay clear from this market.
4HRS
Swing structure is bearish.
Internal Structure = Bullish
We gapped to the downside on Monday and immediately reversed breaking internal structure to the upside. This caused an internal trend change where the internal trend changed from bearish to bullish. This aligns perfectly with daily swing structure and a sign that overall the trend may be changing from bearish to bullish.
After a BoS, we expect a pullback but from where?
Immediately we tapped into that demand zone, price shot up.
However, The daily internal structure remains bearish and until price breaks the internal protected high, we continue looking for selling opportunities.
- At this point, i will stay clear off the market, until i get a clear directional bias.
-Also, it is important to note that this is the 2nd time our daily supply zone (created on Jan 7, 2025) is getting retested. Until we get a nice strong clearance away from that supply , we stay clear from this market.
4HRS
Swing structure is bearish.
Internal Structure = Bullish
We gapped to the downside on Monday and immediately reversed breaking internal structure to the upside. This caused an internal trend change where the internal trend changed from bearish to bullish. This aligns perfectly with daily swing structure and a sign that overall the trend may be changing from bearish to bullish.
After a BoS, we expect a pullback but from where?
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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.