Daily - Price is touching a supply area so a rejection on LTF is expected - hence the pullback.
HOWEVER if the hashed area is broken then a new low will be formed - shown in red
if respected as this is a H4 Demand area then this is HL formation and expect a new high
HOWEVER if the hashed area is broken then a new low will be formed - shown in red
if respected as this is a H4 Demand area then this is HL formation and expect a new high
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.