- Higher high on low time frame market structure
- followed by bullish consolidation within a range
- price breaks out of range and retests range high
-> price should go the way of least resistance which is now around the mid time frame pivot
price within an ending diagonal triangle -> end phase of a bearish trend (at least temporary)
- 5 wave structure within the ending diagonal seems to be completed.
- Confirmation would be a break of the upper resistance of the ending diagonal. If price rejects form here
price should test the pivotal 0.5er fib level of the Blue range.
-RSI, Stoch and Godmode...
Price is currently below resistance and the new monthly candle just started. Price has not tested the new formed support (green area) yet which
increases the odds of a pullback into that zone.
From that point a higher low is build and the bullish market structure should continue in form of a new higher high. Next important resistances are the blue ares.