----> Top Down Analysis Price Action Weekly>Daily >4hr>1hr
----> Structure & Key Levels
----> HH, HL, LH, LL, FIBS
----> Price Action & Formation(s)
----> Daily/4HR Targets & Stops - Swing Lows & Swing Highs
----> Break & Close of Major S/R Structure - or
----> Candle - Structure - Fib - Bias - Overall
Weekly - The market is in a . It hasn't broken the previous s/r structure but it has created a higher high. We are in a position of retracement and price could find either further movements to lower time frame supports or continue the uptrend with support already found + pullback completed. Let's see where we could be heading on the lower time frames.
Daily - Price ended on a strong after creating a higher high. This happened on a major daily resistance. This is still in retracement - and is expected to begin the extension. However, this can continue to fall and shift the bias to a downtrend move.
4hr - Price has made a series of troughs and most recently made a lower low on a hr support. If price has finally completed the pullback, we could see a created before the extension begins. If price fails to break the recent 4hr resistance we could see a retracement turned reversal and a move continue.
1hr - Price made a series of higher highs and could find support on the most recent 1hr and 4hr support areas. We could see the movement begin here but to monitor the daily candle finishes around the 4hr resistance.