Double acceleration will often lead into a reversal of the current trend just as it can macro as the bearish accelerated lead to a bullish take of the low forcing a range below the average was a bullish signal that broke the test n was rejected only to make a micro in and out double bottom candle at a higher low that returned price above the average with higher volume n momentum
As we can see this move was accomplished by a volume spike at lower prices showing buyers step in currently with a high probability of running price up to the high
The structure we call here is an arc bottom it’s the curving of a low into a higher or lower low
Thus we expect a run up to the high on this pair as we been saying for months n only the break low of the structure here at this level we will short
Gl
