There has been a lot of consolidation in the market. I can see the bulls making a run on liquidity sweeping the previous internal highs before reaching the swing high, and the bears building momentum to the downside. I could see a retest of the 1h Low marked on the chart before sweeping liquidity above the current Range (Consolidation). Once price has swept the...
The broken structure for the Bulls is still valid with potential targets set for Swings.
Looking to Short SPX500 around 3930 if it makes the full retracement. I have the 61.8 marked for potential turn around levels. Currently building up Bullish Structure hopefully to Respect the Previous LH.
Currently in a Bearish Market, looking to go Long around 3918.5 structure. Shorting from 3944.67.
Looking to Short Bitcoin due to the broken structure on the 4H timeframe. Simple analysis based solely on Market Structure.