On daily chart, I see 2 scenarios.
1. Bullish continuation and breakout of structure to create new HH and fill the imbalance zone
2. We are still creating LH LL and might get rejection from resistance area and create new LH and continue bearish as second bottom hasn't gone below first bottom, there is still a chance to go lower.
My thoughts are more to 2nd scenario.
What are your thoughts?
1. Bullish continuation and breakout of structure to create new HH and fill the imbalance zone
2. We are still creating LH LL and might get rejection from resistance area and create new LH and continue bearish as second bottom hasn't gone below first bottom, there is still a chance to go lower.
My thoughts are more to 2nd scenario.
What are your thoughts?