Price broke out of a bullish and restested 1hour supply zone that broke it and is recently reacting to a 15min supply zone showing that sellers are gaining momentum in the price imbalance.
Price is a 4 hour demand zone and also created an imbalace on the 1 hour shoing bullish momentum target at supply CP and possible bearish trendline reacting for 3rd touch or breakout if there are enoung buyers in the market
Price is in an upward channel and reacting to the upper resistance trendline, it formed a supply zone which is showing imbalance that sellers are gaining momentum, with targets at the demand zone CP. Overall trend is bullish but a retracement/ short term reversal is anticipated.
PRICE IS REACTING TO A 4HOUR SUPPLY ZONE AND ALSO A 1 HOUR AND 15 SUPPLY ZONES NESTED IN THE 4HOUR. PRICE RECENTLY BROKE A BEARISH TRENDLINE AND IS MAKING ITS WAY DOWN TO RETEST IT WITH TARGETS AT 61.8 FIB LEVEL AND PRIVIOUS DAY HIGH.
PRICE IS IN 4HR SUPPLY ZONE AND 1 HR CP. PRICE IS RETESTING TRENDLINE, AND IS STRUGGLING TO BREAK IT, SHOWING BEARISH MOMENTUM PUSHING PRICE TO 4HR DEMAND ZONE.
