Dear Friends in Trading,
How I see it,
Outcome = "VERY STRONG BULLISH STRUCTURE"
Price retraced back into discount and formed a higher right foot.
Keynote:
1)This means if the current resistance area is breached decisively,
The potential for new HH's and/or new ATH's in this case is very high
2) If resistance offer multiple higher TF rejections the structure can fail.
In this case I feel it is the less likely outcome
I sincerely hope my point of view offers a valued insight
Thank you for taking the time study my analysis.
How I see it,
Outcome = "VERY STRONG BULLISH STRUCTURE"
Price retraced back into discount and formed a higher right foot.
Keynote:
1)This means if the current resistance area is breached decisively,
The potential for new HH's and/or new ATH's in this case is very high
2) If resistance offer multiple higher TF rejections the structure can fail.
In this case I feel it is the less likely outcome
I sincerely hope my point of view offers a valued insight
Thank you for taking the time study my analysis.
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.
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.