Descending channel.
Price was correcting , making a lower high, until momentum kicked in, breaking through previous structure lows and the 'bear flag'.
It should respect the higher timeframe's channel, since it has been doing it for the past several days. So, odds are on our side.
We should then expect a reversal, only confirmed by price breaking previous structure highs.
Market structure, baby!
Price was correcting , making a lower high, until momentum kicked in, breaking through previous structure lows and the 'bear flag'.
It should respect the higher timeframe's channel, since it has been doing it for the past several days. So, odds are on our side.
We should then expect a reversal, only confirmed by price breaking previous structure highs.
Market structure, baby!