Market structure has been broken, simple put, higher lows/ resistance(R1,R2,R3) have been broken. It`s an early sign of a reversal of an uptrend, buyers are gaining momentum as the HLs
get broken,the price has retraced to 79% of Fibonacci retracement
. Everytime the market dips, it gives new opportunities to enter!
It`s a fresh demand zone/ bullish