Price just had a huge bearish impulse taking out sell side liquidity leaving a rather large imbalance on the H8. Price needs to retrace back bullish to realize the take profit event and fill in missing price.
Long term I see that bearish drop as the beginning of the right shoulder of a inverted quasi ( a form of head and shoulder pattern ) which will then transition order flow bullish…
After price achieves it objective, I see price returning bearish to to fill the RTI ( return to impulse) which will then transition order flow bullish…
Let’s see how this bad boy plays out
Long term I see that bearish drop as the beginning of the right shoulder of a inverted quasi ( a form of head and shoulder pattern ) which will then transition order flow bullish…
After price achieves it objective, I see price returning bearish to to fill the RTI ( return to impulse) which will then transition order flow bullish…
Let’s see how this bad boy plays out