Price has breached the previous high, tapping the liquidity there, and looking to be transitioning from bullish to bearish momentum.
After forming a reversal pattern, price had a BOS to the downside. After this, a return to the impulsing order block is expected, which it completed, forming a LH. Now, a continuation of the bearish momentum is likely to follow, forming a LL.
There is the added confluence of sell side liquidity to tap, along the way down. Price is hunting this internal liquidity for a more significant move to come!
The Bull Run.
After forming a reversal pattern, price had a BOS to the downside. After this, a return to the impulsing order block is expected, which it completed, forming a LH. Now, a continuation of the bearish momentum is likely to follow, forming a LL.
There is the added confluence of sell side liquidity to tap, along the way down. Price is hunting this internal liquidity for a more significant move to come!
The Bull Run.
Comment:
Comment:
This is the correct path line. Apologies. Please disregard the prior update.
Comment:
I believe I may have misjudged the Inverted H&S and its validity. I now the momentum shifted with the most recent BOS to the upside, form bearish to bullish.
What I thought may be just a liquidity grab, may have been a more significant BOS.
What I thought may be just a liquidity grab, may have been a more significant BOS.
