After surpassing the Swinghigh, the price continued to increase. The bearish CHOCH position of the time frame 4H, 15M has changed but the Swinglow(Strong) 4H, 15M position remains unchanged.
The price of gold increased and closed the candle with the candle body above the top of the Swinghigh, so the BOS signal was created and formed a Swinglow Strong.
Price broke the Swinghigh and formed a new Swinglow. Currently, it has not made a new high but we can identify a temporary decline in CHOCH at this time, it is represented by the red line with the symbol CHOCH
GBPUSD increased near the strong supply zone in the daily frame. We need to monitor the wave structure on the 4h timeframe to locate the CHOCH drop to know when the daily PULLBACK wave will begin.
Price is currently in a strong supply zone in the 4h time frame. If the price falls and surpasses the first CHOCH position, gold will continue to fall again. If gold continues to rise and breaks the Swinghigh creating a BOS signal, a strong Swinglow bottom will be created.
BTC price is moving between Swinghigh and Swinglow. Currently, the small wave inside it has crossed the bullish CHOCH position. Therefore, it is likely that the price will continue to rise and surpass the Swinghigh (Weak) peak.
After gold fell sharply beyond the 4-hour SwingLow, there was another wave of price increases and today's price increased again to the strong supply zone, so in my opinion, gold will have a strong decline again.
In the 4H time frame, the price is trending up. The current price is within the supply zone of the Daily chart. If the price declines and surpasses the bearish CHOCH position, the possibility of a pullback is very high.
The price is currently moving between the top and bottom of the 4h wave. Currently, the price has broken out of the bullish CHOCH position. We will watch to see if the price can break the 4-hour high to resume the uptrend
XAUUSD breaks SwingHigh, creates rising CHOCH and forms Swinglow(Strong)
In the 4-hour time frame, the price broke the Swichhigh and formed a new Swinglow(Strong), then a candle appeared with a body below the previous candle so a Swinghigh(Weak) was formed.
EURUSD is in an uptrend, currently it is in a pullback wave. The pullback wave ends if it goes down to Demand then we will go down to the 15M time frame to see the live structure. If the 15m wave gives a signal to break the peak and go up, then we will look for an opportunity to buy up
After the SwichHigh(Weak) of the H4 timeframe is broken by a candle with a higher body, it generates a BOS signal and forms a new SwichLow(Strong) bottom and the H4 wave structure changes.
H4 time frame, price broke SwingLow (Strong). At this time, the H4 structure has changed from bullish to bearish and SwingHigh Strong is created
The 15m time frame is a bearish wave but is only a 4h retracement wave. If the 15m SwingStrong is broken, then the 15m turns to an uptrend and coincides with the 4h uptrend, then the price will break the 4H Swing Strong.
BTC in the 4h time frame is in a correction wave, the correction wave only ends when it surpasses the CHOCH position, BTC will probably increase again and break the SwichHigh of the 4h time frame.
Analyze BTC wave structure at the 4h and 15m time frames according to the SMC trading method
Ideal POIs discount to look for longs to catch the next 4H bullish leg. Price may not pull back this far as the monenturn is strong Daily supply has not yet been ment. So I will cautiously follow bullish M15 structure that forms if it is clear M15 Swing is bullish Be mindfull it will likely switch bearish when the 4H Swing pullback is ready to strart But there...