H4 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low.
Price has tapped into H4 demand where we are seeing a reaction, however, price has previously failed to break and close above weak internal high.
The prevailing trend, which is bullish, would be a factor, therefore, current intraday expectation is for price to react at H4 demand level to target weak internal high, however, because price has printed a bearish CHoCH an alternative scenario could be for the price breach and close below internal low as all HTF's require a pullback.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS which confirms internal structure is now bullish in-line with bullish swing structure.
Price has now tapped into a M15 demand area, however, as the demand area has yet to do anything significant I will be watching this zone.
Additionally, price has failed to close below strong low, therefore, internal bullish structure remains intact.
Current intraday expectation would be for price to target weak internal high.
However, as all HTF's require a pullback it would not be unrealistic for price to close below strong internal low.
M15 Chart:
-> Swing: Bullish.
-> Internal: Bullish.
Price remains contained within an internal range where we saw a reaction from H4 supply with price unable to close below strong internal low.
Price has tapped into H4 demand where we are seeing a reaction, however, price has previously failed to break and close above weak internal high.
The prevailing trend, which is bullish, would be a factor, therefore, current intraday expectation is for price to react at H4 demand level to target weak internal high, however, because price has printed a bearish CHoCH an alternative scenario could be for the price breach and close below internal low as all HTF's require a pullback.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish iBOS which confirms internal structure is now bullish in-line with bullish swing structure.
Price has now tapped into a M15 demand area, however, as the demand area has yet to do anything significant I will be watching this zone.
Additionally, price has failed to close below strong low, therefore, internal bullish structure remains intact.
Current intraday expectation would be for price to target weak internal high.
However, as all HTF's require a pullback it would not be unrealistic for price to close below strong internal low.
M15 Chart:
