I have been following this market quite closely and given the structure seen within this graph alone we can see the creation of Higher Highs and Higher Lows. A clear indication of Bullish structure.
Price has been reacting nicely to both supply and demand zones during the impulses and corrections of this trend. Recently, we have had our impulse to the upside, marked in a blue box. From here, we seem to be having the correctional wave formed.
I hope to see this correctional wave pull back into one of the two demand zones I have highlighted in grey below current price. From here I would be dropping timeframes to find an exact confirmation for an entry and to refine my position.
Price has been reacting nicely to both supply and demand zones during the impulses and corrections of this trend. Recently, we have had our impulse to the upside, marked in a blue box. From here, we seem to be having the correctional wave formed.
I hope to see this correctional wave pull back into one of the two demand zones I have highlighted in grey below current price. From here I would be dropping timeframes to find an exact confirmation for an entry and to refine my position.