Supply & Demand.
Supply & Demand.
Supply & Demand.
Supply & Demand.
Supply & Demand.
If this actually plays out, I'll update this idea with the full analysis.
Daily: Yesterday's candlestick closed as an indecision (doji) with a massive rejection wick to the downside.
4h: Market structure shift from bearish to bullish (LL, LH to High and now HL forming) and formed a classic head and shoulder trend reversal pattern.
1h: Market structure & direction clearer
Technical Keys:
Arrow Line:
solid: most probable move
dashed:...
Analysis
Daily: Price failing to create an equal or lower low at 130.659.
4h: Candlestick closed as doji (indecision) with a higher top wick at the bottom of a downtrend.
1h: Minor double bottom on 1hr LL followed by a sell-to-buy structure.
Confluence
1. Equal low or lower low failure
2. High wick indecision candle at downtrend
3. sell-to-buy structure
4....
Daily: Price above daily midpoint/decision point @ 131.931
4h: Market structure shift from bearish to bullish (LL, LH to HH, HL)
1h: Market structure & direction clearer
Technical Keys:
Arrow Line:
solid: most probable move
dashed: possible move
Horizontal lines - midpoint/decision point (supply/demand)
These are plotted based on a price midpoint: top wick...
