After a long sentiment, we have finally got our impulse. Price reached a potential weekly neck with price action supported by a huge . This simply shows that the big boys are interested in this level. Weekly Inverse head and shoulder pattern indicates the potential start of a so our bias is . Moreover, if we close above 0.1367 we also get weekly Higher High and a new weekly confirmation.
If bears hold the level, we could see some correction to near-term support(0.11) that is also a round psychological number. This is where bulls could attack again causing market to test that weekly inverse head and shoulder neck.
What are your thoughts on the current market?
Enjoy the ride!
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