So this week, price evolved into a bigger expanding structure.
Im forecasting for price to push impulsively and correctively to push above recent swing high.
Im still leaning with the HTF bias to go long.
The picture above is a forecast on the Sydney session at 22:00 GMT .
We can see a HTF daily Descending channel with a HTF double bottom
as well as a larger inverse h & s pattern
Latest price action formed multiple impulse and correction within the expanding structure.
And a few things we can see is a inverse head and shoulder and other price action
Im forecasting for price to push impulsively and correctively to push above recent swing high.
Im still leaning with the HTF bias to go long.
The picture above is a forecast on the Sydney session at 22:00 GMT .
We can see a HTF daily Descending channel with a HTF double bottom
as well as a larger inverse h & s pattern
Latest price action formed multiple impulse and correction within the expanding structure.
And a few things we can see is a inverse head and shoulder and other price action
Comment:
Price failed to push down within structure, price is now ascending upwards in an ascending channel, typically for me it's a good sign that price might want to go upwards cuz its an expanding structure. forecasting a channel or correction above swing high to push up for confirmation.
Price failed to push down within structure, price is now ascending upwards in an ascending channel, typically for me it's a good sign that price might want to go upwards cuz its an expanding structure. forecasting a channel or correction above swing high to push up for confirmation.
Comment:
Price failed to push down within structure, price looks to be in a consolidation phase or inward expanding structure. Forecasting a smaller CAB from the consolidation correction to push above swing high.
Price failed to push down within structure, price looks to be in a consolidation phase or inward expanding structure. Forecasting a smaller CAB from the consolidation correction to push above swing high.
If price fails to push above swing high expect for price to drop and consolidate into a bigger bullish flag correction. Also expect for news tomorrow.