H4 Analysis:
Bias/Analysis remains the same as analysis dated 13 May 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.
Previous intraday expectation dated 10 May 2024 was for price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase which price is indicated as printing.
Intraday expectation: Price to continue bearish, react at discount of 50% EQ or H4 POI, both of which are closely positioned before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish BOS and iBOS
After BOS we expect price to pullback.
Price is now in discount zone of 50% EQ and has reacted to M15 POI but is unable to sustain a bullish move. Buyers are expected to step in once in discount zone of 50% EQ, which has happened.
Intraday expectation dated 13 May 2024 was for price to react at M15 POI, discount zone of 50% EQ or H4 POI before targeting weak internal high where we saw a reaction.
Current intraday expectation: Remains similar to yesterday's expectation. Price to target weak internal which is denoted with a blue dashed line.
M15 Chart:
Bias/Analysis remains the same as analysis dated 13 May 2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a bullish BOS.
After bullish BOS expectation is for price to pullback.
We have nested Daily and H4 supply levels where price is expected to initiate pullback.
CHoCH is positioned at quite a distance away from current price, therefore, there is a possibility price could engineer a CHoCH closer to current price to indicate initiation of pullback.
Previous intraday expectation dated 10 May 2024 was for price to continue bullish, react at nested Daily and H4 POI levels to start pullback phase which price is indicated as printing.
Intraday expectation: Price to continue bearish, react at discount of 50% EQ or H4 POI, both of which are closely positioned before targeting weak internal high.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a printed a bullish BOS and iBOS
After BOS we expect price to pullback.
Price is now in discount zone of 50% EQ and has reacted to M15 POI but is unable to sustain a bullish move. Buyers are expected to step in once in discount zone of 50% EQ, which has happened.
Intraday expectation dated 13 May 2024 was for price to react at M15 POI, discount zone of 50% EQ or H4 POI before targeting weak internal high where we saw a reaction.
Current intraday expectation: Remains similar to yesterday's expectation. Price to target weak internal which is denoted with a blue dashed line.
M15 Chart:
