H4 Analysis:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price has printed a bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated.
Expectation dated 16/02/2024 was for price to continue bullish and react at H4 POI or 50% EQ which price did and currently doing.
Current expectation, await bearish price action to confirm bullish pullback is complete for price to target weak internal low.
First structural confirmation that pullback is complete would be for price to print a bearish CHoCH.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed another bullish iBOS. Internal high has yet to be established.
Bearish CHoCH will confirm internal high and will provide an indication that pullback has initiated.
Expectation following iBOS is for price to pullback after reaction from a POI which is currently underway.
Current expectation is for price to continue bearish and react at 50% EQ or M15 POI.
M15 Chart:
-> Swing: Bullish.
-> Internal Bearish.
-> Has reached EQ.
Price has printed a bearish iBOS followed by a bullish CHoCH which is the first structural indication that pullback following bearish iBOS has initiated.
Expectation dated 16/02/2024 was for price to continue bullish and react at H4 POI or 50% EQ which price did and currently doing.
Current expectation, await bearish price action to confirm bullish pullback is complete for price to target weak internal low.
First structural confirmation that pullback is complete would be for price to print a bearish CHoCH.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed another bullish iBOS. Internal high has yet to be established.
Bearish CHoCH will confirm internal high and will provide an indication that pullback has initiated.
Expectation following iBOS is for price to pullback after reaction from a POI which is currently underway.
Current expectation is for price to continue bearish and react at 50% EQ or M15 POI.
M15 Chart:
