- Price action making lower lows yet making higher lows ( )
- Sell decreasing as price decreases (Signals sellers are exhausted)
- Demand can be identified as the green box. It was the down candle before the up move that breaks LTF market structure. Hence, it is very possible that buyers will still be interested at that level.
Confluence: 1) Optimal trade entry, drawing fibs from last swing high and low
2) High node from VPVR