Thursday's Daily candle formed an inside bar, there are a lot of long positions being held by buyers at the lows of yesterday's candle.
I expect price to rally above yesterday's high to allow buyers to take profit and then dump into yesterday's lows .
Price points are on the chart as well as directional bias.
I expect price to rally above yesterday's high to allow buyers to take profit and then dump into yesterday's lows .
Price points are on the chart as well as directional bias.
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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.