For the past week or so price has been bouncing between supply and demand zones while making very DISCREET "higher highs". A "lower low" has recently been created DISCRETELY inside the supply/demand Zones with a closure lower than the previous low per 4 HR time frame. I'm starting to see a potential push down because we now have a "lower high" and "lower low" forming on my dotted trendline. I see a great chance of price going bearish AT LEAST to reach my overall bullish trendline. From that point we wait on price action to show us if it's gonna reject the trendline or break through!
On the other hand, price could also continue bullish and finally break above the supply zone with a retest and continuation, invalidating our whole "bearish" idea.
*This is just my personal opinion. I am NO financial advisor in any form*
On the other hand, price could also continue bullish and finally break above the supply zone with a retest and continuation, invalidating our whole "bearish" idea.
*This is just my personal opinion. I am NO financial advisor in any form*