A POSSIBLE BULLISH RUN MODE
HIGH TIME FRAME STRUCTURE
1) H4 shows an a new HH formed breaking previous LH
2) Price make sudden bearish move to downside after hitting a significant resistance (4th touch)
3) Lead to retracement move to in new bullish trend
LOW TIME FRAME STRUCTURE
1) on 8/6/2023 price make surge to upside move and respect 2nd touch resistance
2) inducement structure has been made up and down on current price (1962 level)inducement support / 1970 level inducement resistance
3) price may retest and respect swap zone area 1959
4) plan to sell on supply zone and waiting a rejection candle as conformation entry for more upside move
1) H4 shows an a new HH formed breaking previous LH
2) Price make sudden bearish move to downside after hitting a significant resistance (4th touch)
3) Lead to retracement move to in new bullish trend
LOW TIME FRAME STRUCTURE
1) on 8/6/2023 price make surge to upside move and respect 2nd touch resistance
2) inducement structure has been made up and down on current price (1962 level)inducement support / 1970 level inducement resistance
3) price may retest and respect swap zone area 1959
4) plan to sell on supply zone and waiting a rejection candle as conformation entry for more upside move
Order cancelled:
- price already getting liquidity sweep on resistance
- expecting price to continue sell untill 1939 level
- expecting price to continue sell untill 1939 level