Weekly: Price did close as a strong bullish
candle but failed to close and engulf the previous
week, Price has also come to a very strong level
of resistance where I can see a lot of selling
pressure, Aware that long term the market is
still in a bullish trend
Daily: Price over the last 4 days have been very
bullish but I can possibly see a retracement over
the next couple of days at least to a pullback
then a continuation of the bullish trend or price
could pull back all the way to last weeks low
and create a double bottom then continue the
overall trend, as stated on the weekly price is
at a strong level of resistance where sellers
could come in to push price down Price also
pulled back to a valid PRZ level
H4: Price is still trending bullish on the 4 hour
but sellers look like they could be stepping in
first indication is that if price closes and engulfs
the last 3 candles also closing below resistance
then will have to wait for
some buyers exhaustion and some sort of Break
of structure
candle but failed to close and engulf the previous
week, Price has also come to a very strong level
of resistance where I can see a lot of selling
pressure, Aware that long term the market is
still in a bullish trend
Daily: Price over the last 4 days have been very
bullish but I can possibly see a retracement over
the next couple of days at least to a pullback
then a continuation of the bullish trend or price
could pull back all the way to last weeks low
and create a double bottom then continue the
overall trend, as stated on the weekly price is
at a strong level of resistance where sellers
could come in to push price down Price also
pulled back to a valid PRZ level
H4: Price is still trending bullish on the 4 hour
but sellers look like they could be stepping in
first indication is that if price closes and engulfs
the last 3 candles also closing below resistance
then will have to wait for
some buyers exhaustion and some sort of Break
of structure