Major Structural Break on the Daily TF, More vividly seen on the 4Hr and 1Hr hence giving us a confirmation that we may be having price shift to the downside as a price correction since over all trend on the weekly and monthly is Bullish.
Expecting the price retacement to move down over 400 pips (basing on this analysis) next to the significant Base on the weekly TF which was formed with an Rally Base Rally (RBR) price movement.
Hence looking to price fetching more unfilled buy orders at that base to get more momentum to the upside.
Since also on the Weekly Time frame we had a Structural break to the upside giving us a confirmation of Demand being greater than Supply (Demand > Supply) as the Supply base was broken on the so called neckline of the double bottom on the weekly. this giving us added confluence that we are in an over all Bullish Trend on the bigger time frames
Expecting the price retacement to move down over 400 pips (basing on this analysis) next to the significant Base on the weekly TF which was formed with an Rally Base Rally (RBR) price movement.
Hence looking to price fetching more unfilled buy orders at that base to get more momentum to the upside.
Since also on the Weekly Time frame we had a Structural break to the upside giving us a confirmation of Demand being greater than Supply (Demand > Supply) as the Supply base was broken on the so called neckline of the double bottom on the weekly. this giving us added confluence that we are in an over all Bullish Trend on the bigger time frames