Price respect the most recent 4H supply by giving a 15m bearish CHoCH, we can see now supply is having the control, price is pushing towards the 4H demand below. There is a chance that price could use the demand below to form a pullback. If it does, then it might pullback up to take out the upside LQ. Therefore, we might wait for a 15m/5m Bullish CHoCH to confirm the bullish intention before getting in a Long.
However, there will be a chance that price could continue the supply chain and take out the weak low first. We don’t know, therefore wait for confirmation.
However, there will be a chance that price could continue the supply chain and take out the weak low first. We don’t know, therefore wait for confirmation.
Commento:
Price as expect taken out the LQ from the left and respect the 15m B2S, price might take out the weak low now.
