D |
Daily:
The swing structure indicates a bullish trend, and the current leg's objective is to surpass the recent daily high.
It would be beneficial to analyze lower time frames for potential continuation entries.
4H:
We observed a significant supply zone, along with a bearish candlestick pattern. This suggests a potential pullback towards lower demand levels.
By referring to the 15-minute chart, we can seek short opportunities within the identified demand zone. However, it's important to remember that this is a pullback against the prevailing trend, so exercise caution with target levels.
15M:
The internal structure has shifted bearish, coinciding with the initiation of the higher time frame (HTF) pullback.
The failure to change the internal structure to bullish led to a sweep and a bearish candlestick pattern. Therefore, it may be prudent to seek further continuations of the HTF pullback.
Please note that the analysis provided is based on the information given, and it's always essential to incorporate risk management techniques and adapt your strategies based on real-time market conditions.