Price reacts to the inception of the bullish impulse which broke structure to the upside. This reaction took place at the 50% of the 4hour OB which then gave a tap into the M15 OB.
We expect this level of demand to hold which would cause a push into the BSL resting at the high
Price creates a bullish impulse on the 4H timeframe.
This bullish impulse broke structure to the upside.
Presently, we can see an exhaustion of the bullish steam which represents price intention to trade lower into the inception of the bullish impulse.
Price has been trading within the confines of a bearish range but price shows a countertrend bullish intent which is needed to cause price return into the inception of the bearish impulse.
Presently, we can see price created a bullish impulse on the daily timeframe. We expect price to trade into the inception of the bullish impulse before clearing...
Price is bullish on the 4H timeframe. Presently, we see the exhaustion of the bullish steam on the 1h timeframe. This has created a new break of structure which will then call for the mitigation of the last area of supply before the break to the downside.
The mitigation to the supply zone would serve as a catalyst which would result in a drop...
Looking at the weekly chart of BTCUSD, we can see price's intention to clear out buy-side liquidity resting at the 69500 zone.
This is expected because price has shown a similar cycle before raiding the buy-side liquidity resting above the 64800 zone.
Price is seen to be reacting to a demand zone presently and we expect a rally up into the 7000...
We can see the intention of price to come into the origin of the bullish impulse that caused a break of structure on the 15-minute timeframe but before this happens, we expect price to make a return into the supply zone which cause a new break of structure to the downside within the range of the bullish impulse. This is expected because we can...
Price creates a supply chain as a result of the last bearish impulse that broke the bullish market structure. Also, notice how price creates a fair value gap- leaving an imbalance at the last impulsive move to the downside.
We now expect price to make a return into the last area of supply before the bearish impulse that broke market structure.
Price creates a bullish run that breaks structure-giving us a solidified low and a solidified high. Now, we see the price returning to the inception of the bullish impulse but we expect a return into the order block which resulted in the change of structure within the bullish range. We expect a drop from the supply area down to the demand zone which...
Price has shown a solid reaction to the area of supply which took out the 4H bullish impulse-causing a demand failure. Presently, price seems to be creating a supply chain so we expect a new bearish run after price trades into the new supply zone.
Price action shows a failed reaction at the 4H demand zone. This failure resulted in an impulsive bearish reaction leaving an imbalance that has to be filled. We can also see price created an SMS before the massive drop to the downside, this huge drop creates an area of supply which we believe the price would revisit before creating a new bearish leg.
Presently, we see price reacting to an area of demand which initiated a bullish rally to the upside- creating a shift in the previous bearish structure.
Price reaction to the present demand level would cause some bullish impulse to fill up the last bearish imbalance created which caused price tap into the demand zone.
We can see the reaction of price to the demand block created by the 4H impulsive move which continued the bullish structure.
After price tapped into this zone, we got a change of character signaling the change of direction - bearish to bullish.
Now, we see price moving in a demand chain and we are to expect a move to the upside.
Price is obviously trading in a supply chain. This would cause us to expect more bears on DXY in the coming weeks. We can also see clear trendline liquidity which suggests price has more SSL to be raided.