Following the strong retracement on Monday, Price has respected the 70.5 of the 4H MSB Fib setup and continue to push higher reaching 1750 Institutional Level. As of now on Wednesday Asian Session, it is currently retesting the Resistance for a break or bounce. If price failed to sustain the Bullish pressure to break above the previous Swing high, I'll expect price to retest the 70.5 level for a potential Double Bottom Formation or even a LL formation.
Bias = Bullish
Structure = Corrective, wait for further correction
Setup - NO
Bias = Bullish
Structure = Corrective, wait for further correction
Setup - NO
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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.