Currently, Price has made a push above the Yearly/Quarterly High for 2020. We see Demand pressure and a bullish order block filled and surpassed. Price has found resistance at the Monthly Supply zone as well as the Weekly Supply Zone. I'm looking for a push upward after taking out the stop losses for the Bullish traders.
We need to retest the previous days high before we react to a move in the market. I'm looking to retest the Previous Week's high and the current supply zones to see a nice move downward. I'm looking for a price to head to the 50 EMA flirt around the area for a continuation downward. Seems to be in the first leg of M after competing in Level 3 Bull run
We need to retest the previous days high before we react to a move in the market. I'm looking to retest the Previous Week's high and the current supply zones to see a nice move downward. I'm looking for a price to head to the 50 EMA flirt around the area for a continuation downward. Seems to be in the first leg of M after competing in Level 3 Bull run
Comment:
If you have been following along. Almost all o fmy zones have been touched or consolidated for an accurate move.
Comment:
Trade has been playing out very nicely