LINK - Mid range continuation - 07.06.22
Long-term perspective:
based on the daily candle structure the market regained bullish momentum.
The question rn is if price can recmail the mid range in order to start a further up squeeze. My Invalidation Level for this will be the Monday midrange & Monday High Lvl.
based on the daily candle structure the market regained bullish momentum.
The question rn is if price can recmail the mid range in order to start a further up squeeze. My Invalidation Level for this will be the Monday midrange & Monday High Lvl.
mid-term perspective shows a clean market structure break which sets the framework for the upcoming day. Ideally price sets a higher low around that market structure break level (red). Even a retest of the mid range would give a nice 5-10% move which is enough for a daytrade. Nevertheless it can evolve to th bigger.