monthly; as we can see price got rejected from the main weekly s/d zone only indicating that there is a huge supply driving prices lower but the overall trend is bullish, price broke the previous structure while making a three-leg extension and a crossover of SMA's, my hypothesis is for the price to pullback then continue bullish, currently we can see that price made a pullback so imma wait for a full daily candle close above the D s/d zone then ill look for pullbacks on the lower timeframe
but if the candle closed below the zone leaving a huge wick then imma be looking to short to 1766
imma wait for the 4h close to determine either imma go short or buy
if it's a double top leaving a huge rejection then il look to sell
if it broke above and closed with full bullish momentum then imma look for a retest and an entry
but if the candle closed below the zone leaving a huge wick then imma be looking to short to 1766
imma wait for the 4h close to determine either imma go short or buy
if it's a double top leaving a huge rejection then il look to sell
if it broke above and closed with full bullish momentum then imma look for a retest and an entry
Trade closed: target reached