I'm really liking the look of this market since the major reversal from the Demand zone seen at the bottom in red. I have used the green box to identify the Accumulation schematic that reversed the market to start the bullish movement upwards.
This bullish movement has come to deliver a Change of Character (CHoCH) before continuing higher with high volume on the upside. We have continually reacted to demand zones confirming the trend is strong.
From here, price has just re-accumulated and started to make a next move higher. I would love to get involved in BUY positions soon. I have marked out my two options for price.
Option 1: Price continues up with high volume. We enter on the ICI.
Option 2: Price pulls back into the Demand Zone before reversing higher.
This bullish movement has come to deliver a Change of Character (CHoCH) before continuing higher with high volume on the upside. We have continually reacted to demand zones confirming the trend is strong.
From here, price has just re-accumulated and started to make a next move higher. I would love to get involved in BUY positions soon. I have marked out my two options for price.
Option 1: Price continues up with high volume. We enter on the ICI.
Option 2: Price pulls back into the Demand Zone before reversing higher.