Hello friends, further sideways movement continues as anticipated.
However, we might see a bullish weekly candle in the coming week(s) as price intends to push higher but most likely not before clearing the liquidities it has recently left behind to the Demand level, which is the extreme low of this whole move, annotated in the chart.
Then, we can anticipate a bullish spool to take the Buy-side liquidities at this week's candle's high.
Furthermore, possibilities of spiralling up to the Daily bearish OB is also very open for price to mitigate.
Overall, it is important to take note of the direction price breaks out and trade accordingly.
Have a profitable week!
However, we might see a bullish weekly candle in the coming week(s) as price intends to push higher but most likely not before clearing the liquidities it has recently left behind to the Demand level, which is the extreme low of this whole move, annotated in the chart.
Then, we can anticipate a bullish spool to take the Buy-side liquidities at this week's candle's high.
Furthermore, possibilities of spiralling up to the Daily bearish OB is also very open for price to mitigate.
Overall, it is important to take note of the direction price breaks out and trade accordingly.
Have a profitable week!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.