Possible bearish continuation from the support/resistance flip. alternatively, we might continue up to take out FVG before full reversal to at least previous low.
1 hour has hit a FVG while taking out previous high and is possibly rolling over and catching up with 4 hour (that being bearish). There is the possibility that price continues to another 1-hour FVG above current highs, this i suspect could happen if the new 1 hour high gets taken out but seems more sensible to trap the breakout traders right now by going for the...
Looking to go short from this area as there are hidden divergences on several time frames after hitting a FVG. I suspect a double bottom is coming before price action shows more.
Starting with the 6 and 8 hour time frames we have hidden bullish divergence, we are at a value area low, market structure imbalances have been taken out so we could see market structure turn bullish again soon.
Continuations from a double bottom on the 6 hour looks strong along with a hidden bullish continuation MACD. Big money is still long bias so i suspect at this point we will break previous high and hit the monthly VAL. Its also possible that we retrace further into the FIB level to fill FVG before we continue up or break through this FIB area and continue down.
Possibly hit daily fib and is starting to reverse and continue the down trend.