Confluences
- Last 2 weekly candles have closed with big wick rejections to the downside showing that higher timeframe buyers are still dominating the market
- we have seen a shift in market structure shown on the daily timeframe by yesterdays candle closing as a bullish engulfing, sellers were unable to continue with its bearish momentum
- 4hour we have seen an impulsive move to the upside breaking resistance
- Last 2 weekly candles have closed with big wick rejections to the downside showing that higher timeframe buyers are still dominating the market
- we have seen a shift in market structure shown on the daily timeframe by yesterdays candle closing as a bullish engulfing, sellers were unable to continue with its bearish momentum
- 4hour we have seen an impulsive move to the upside breaking resistance