Price is currently forming new highs with this bullish market structure, what can we look for next? A New High? Or A Reversal......
. Daily Demand is being respected with a sweep of the lows tagging into the Daily demand zone highlighted.
. A Sharpe reaction from this zone confirms this to be a sweep of the previous lows as we had a very strong reaction from this area of price indicating that this is the break of structure we have been waiting for as added confirmation to look for more buy set ups.
. Also leaving Imbalance Behind on this bullish reaction.
Points of interest for me will be the 71% & 79% fib levels as we have an order block sitting inside these price levels.
stops at the low 100% fib levels
. Daily Demand is being respected with a sweep of the lows tagging into the Daily demand zone highlighted.
. A Sharpe reaction from this zone confirms this to be a sweep of the previous lows as we had a very strong reaction from this area of price indicating that this is the break of structure we have been waiting for as added confirmation to look for more buy set ups.
. Also leaving Imbalance Behind on this bullish reaction.
Points of interest for me will be the 71% & 79% fib levels as we have an order block sitting inside these price levels.
stops at the low 100% fib levels