Hello friends, further sideways movement continues as anticipated.
However, we might see a bullish weekly candle in the coming week(s) as price intends to push higher but most likely not before clearing the liquidities it has recently left behind to the Demand level, which is the extreme low of this whole move, annotated in the chart.
Then, we can anticipate a bullish spool to take the Buy-side liquidities at this week's candle's high.
Furthermore, possibilities of spiralling up to the Daily bearish OB is also very open for price to mitigate.
Overall, it is important to take note of the direction price breaks out and trade accordingly.
Have a profitable week!
However, we might see a bullish weekly candle in the coming week(s) as price intends to push higher but most likely not before clearing the liquidities it has recently left behind to the Demand level, which is the extreme low of this whole move, annotated in the chart.
Then, we can anticipate a bullish spool to take the Buy-side liquidities at this week's candle's high.
Furthermore, possibilities of spiralling up to the Daily bearish OB is also very open for price to mitigate.
Overall, it is important to take note of the direction price breaks out and trade accordingly.
Have a profitable week!
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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.
Disclaimer
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.