Price has made a correction this week, after the previous strong bearish impulsive move to the downside before. Now price has reached a key area of resistance & supply, where next week I will be looking for bearish confirmation for price to resume lower into the next area of support for a potential lower low.
Looking left, the current zone price is at price has made a strong reaction, both to the downside & upside, & I am anticipating for price to make a strong move again from this region next week.
Looking left, the current zone price is at price has made a strong reaction, both to the downside & upside, & I am anticipating for price to make a strong move again from this region next week.
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2 Hour: Areas of interest, the zone above, also aligns with the 38.2 fib of the whole impulsive move from the top.