With in Log scale Measured Move we have 2 different perspective which bulls and bears are in balance level so with shadow has hunted in Weekly TF chances for bull could be more better but if bears try to take control we might have correction in demand zone or resistance area it leads to Rally base drop Or Rally base Rally . Note : Please DO NOT LIKE ideas , Give...
Bulls seems aggressive to buy we have 2.42X bigger ATR in demand zone , in order we are in Tight Trading Range 50% chance to bull break out 50% chance bear break out but with prior movements we may have odds that bulls could take one more step.. Note : Please DO NOT LIKE ideas , Give different idea which is opposite side to understand better in market .
near supply zone we have faced with a little weakness , in detailed view we have gap bar in N15 filled with bears this means bears slightly take control it may have 50% chance bull breakout 50% range extend till we get a good reason to break out Note : Please DO NOT LIKE ideas , Give different idea which is opposite side to understand better in market .
have mentioned Areas which are important levels for the price , I used Elliot wave counting i am not good at Elliot wave counting cause i believe it needs vast information to be master if i have mistake in counting let me know in cm . i think if price decide to drop we may have land on close of range bar ( doji bar ) in Daily TF
Price Reactions.. just wait to see what would happen ?..Gap Bar selling pressure bulls could not close the gap.. better to look for in M5 to track the footprint..
Zones highlighted. New Daily demand area printed we may have a bear leg but still need one more measured move to the target.
It seems we have final flag but it has failed turning to tight bull channel chances could be 25% break out bulls could resume or 75% Tight trading range and bears could take control . but we need more information and signs to see what bear bars try to do..
If bearish gap bar could be closed by bulls we might have chance to stand above supply zone and get higher levels..
if price could not be able to pass the area we may have a bear leg till to demand area which order has refilled again in H1 zone
Measured Move Fractal targets.. it would be engulfing if possible targets reach out. This makes a good idea to be in trend for another cycle
Bulls closing the gaps created by bears good sign for bull trend . due to breaking trend line created a potential demand area it could be react nested area which i highlighted in gray box , Dashed line could be possible strike levels.