Price continued it's bullish run to key buy side stop from Nov 2022 wicking through a weekly SIBI to rebalance. Price broke 50% level on the weekly changing market structure to a Premium.
Parent bias is bullish. Long term idea I suspect that we could see Price continue to rebalance the SIBI.
Price closed on the 50% level. I could see Price come down to take the equal lows at the .618 for Mondays idea. Price could seek the 50% level of 107.099 for the low of the week.
I also suspect that we could see a high resistance week of Price action this week.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.