Internal is now bullish.
A break of the swing low, then an iBOS toward the EQ, now a return to impulse.The strong internal low may hold, potentially sending price higher to premium prices to mitigate the supply zone.
Look for bullish price action from the current levels, as price reacts to the daily and 4H demand zones.
I am mindful of the strong bearish momentum. Price very well may continue lower, taking out the demand zones and the strong internal low.
BOS = Break of structure
EQ = Equilibrium, the middle of the leg of structure
Premium prices = the upper half of the leg of structure
Strong/Weak low/high = top or bottom of current trading range (leg of structure)
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A break of the swing low, then an iBOS toward the EQ, now a return to impulse.The strong internal low may hold, potentially sending price higher to premium prices to mitigate the supply zone.
Look for bullish price action from the current levels, as price reacts to the daily and 4H demand zones.
I am mindful of the strong bearish momentum. Price very well may continue lower, taking out the demand zones and the strong internal low.
BOS = Break of structure
EQ = Equilibrium, the middle of the leg of structure
Premium prices = the upper half of the leg of structure
Strong/Weak low/high = top or bottom of current trading range (leg of structure)
Please support my work by clicking the LIKE button and leaving a comment. Thank you.
