HELLO TRADERS
We can see from last few weeks price was making lower lows and create nicely descending corrective structure.
No generally when we have Descending structure after bearish Impulse that cause a big reversal.
Currently price made strong rejection on exactly structure level and if you can see clearly it was rejected before from the structure with a bullish wick that was a sign of bullish momentum. Price made nicely bullish correction after previous strong bullish 2 candles and rejected nicely.
I am expecting bullish momentum from now and if price will manage to break structure then it will validate another bullish move.
We can see from last few weeks price was making lower lows and create nicely descending corrective structure.
No generally when we have Descending structure after bearish Impulse that cause a big reversal.
Currently price made strong rejection on exactly structure level and if you can see clearly it was rejected before from the structure with a bullish wick that was a sign of bullish momentum. Price made nicely bullish correction after previous strong bullish 2 candles and rejected nicely.
I am expecting bullish momentum from now and if price will manage to break structure then it will validate another bullish move.
Investment and structure planning :
DM
DM