After mitigation of 4H supply zone, price dropped down strongly and bears took control.
Now price mitigates the 4H demand zone but since it came from a supply, to long here we need double confirmations.
If long scenario happens, price could reach the higher 4H unmitigated supply zone. In this scenario October 14, 2022 low will be protected and bulls will break above the weak high, October 18, 2022 high.
Another scenario is breaking below 4H demand zone. In this scenario bears totally take control of market and October 18, 2022 high will become a strong high that breaks below last strong low.
What do you think about this chart? Feel Free and Comment Below!