Description
⋅ Monthly:
Price is rejecting previous broken structure.
Weekly:
Price is forming and inverse head and shoulder pattern and it is rejecting the 61.8% of the weekly fib.
Daily:
Price is forming a bullish M so we are expecting anothe push from the 61.8% of the daily fib.
4H:
Price is making higher highs and it already rejected the IC (institutional candle) indicating that price could continue to the upside.
Trade active
⋅ Monthly:
Weekly:
Daily:
4H: Trade active
⋅ Price could be testing the lows but we are still looking for buys until price closes below the white box on the daily time frame.
Trade active
⋅ We have to wait for the change of structure from bearish to bullish to look for a trade.