This is my current view from the H4 perspective.
After the break of the previous TL I took that as a precursor for what was to come, and shortly after entering the higher O.B ($94.58-$94.83) it was rejected. Once the bears entered the market I would look for breaks in structure along with continuations to join in on the ride down.
I'm anticipating price action to work itself to the O.B ($91.75-$92.31) at the low end of the curve, but that can potentially take a minute (not literally) to happen due to the barriers it'll more than likely run into during the process. Stay flexible.
Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.
After the break of the previous TL I took that as a precursor for what was to come, and shortly after entering the higher O.B ($94.58-$94.83) it was rejected. Once the bears entered the market I would look for breaks in structure along with continuations to join in on the ride down.
I'm anticipating price action to work itself to the O.B ($91.75-$92.31) at the low end of the curve, but that can potentially take a minute (not literally) to happen due to the barriers it'll more than likely run into during the process. Stay flexible.
Also, if my analysis help YOU in any way, shape or form then please consider donating to the cause. It's appreciated.