Supply and demands usually works , price after passing a head shoulder paterns need corrections and going back to uptrend which daily shows keep eyes on it , do not enter the trade immediately wait for confirm then bingoooo
as you can see on elliot counter the rpice is nicely on correction phase and some how is similar to Head and Shoulders just wait to retest the neck line and bingooooooooo
The Trend is uptrend 90 percent the price will go higher but 1st of all it needs to go back to demand zone then after retesting going back to the daily resistance level
as you can see the price is making a pennant pattern with a nice pole we have to see what is market reaction will be after exiting or entering the penanat
as you can see gold on daily time frame is going uptrend but in ,4 hours we have to see what is market reaction on sbr will be
The daily trend go to be a uptrend and trend is changing from downtrend to uptrend so what will happen show up in the chart the price will retest then go to down support level then after go to uptrend
A news about #Satushi effect alot on this crypto but as a supply and demand shows the price will go down to the middle block and as i describe we have to see what is the market reaction on that price .waiting for bullish or bearish engulfing.... clean chart clean analyse
There is a fresh and pretty demand zone down there , when the price get there we have to wait for confirm signal then we can enter buy position for a nice BUY with lowest risk to reward
as you can see there are supply and demand zones specified which are so power full On daily analysis we can see the trend is down trend but with helping of SMA21 we can recognize the move in 4 hr its upper in supply upper block so the price will play between these zones and go ....