Previously we had been bullish but we see CHOC at the BOS, that impulsive move that broke out left IMB @FVG and we understand that market likes to deliver price efficiently so it'll be looking to fill those before continuation of distribution to the lower side.
Where price is almost at though is close to a "demand" zone, so that's FVG right above an OB that both...
looking at USA.30 price had been dropping reached a support level then made a movement back to the upside where price retraced to a 61.8 Fib key level zone, broker slightly above going to a fresh supply zone that had been created by the market break of previous structure to the downside. there is a strong demand zone at the bottom at price 32112 where according to...
Price had been bouncing within range (Major key), now as it's approaching the high for the 3rd touch it's created a structure signaling a possible dip to the downside.
we see an ascending pennant or rising wedge. price was falling but reached demand zone on a smaller time frame thus we expecting a young bullish move and then a big continuation of a strong short, BEARS winning, that's where we will look for our big sells.
bitcooin has been falling and according to technical analysis it has reached its altime low give us an impulse to the upside with a solid structure thats simultaneously a falling wedge, now the turning point of the structure which is our entry point is where price initially rejected thus meaning btcusd is going for a double bottom and then we shall be looking for...
first time trading this but judging from previous backtesting i'd say it moves like any graph market structure. coke is at a very strong resistance level (order block) it should start selling and sell for quite a bit as well due to the big structure being formed on 4 hours.
alright price is already at our fresh resistance zone now we are loooking out for a pullback to the fresh demand zone more or less the zone around the inverse head and shoulders and then we have our entry. using the ICI strategy we should find our entry at the 61.8 Fib zone of the last impulse to the upside.
price has reached its low order block now to retest the 61.8 zone, using the impulse correction impulse strat and last tp will be at the yellow horizontal ray.
looking at the tested support and resistance and order block levels, all have been tested except for 1, which is where by probability price is likely to reach its exhausted phase interms of shorts and the bulls will push market to the upside from then on. analysis broken down from monthly, weekly, to daily and entry is the one on 4Hrs.
