Wall Street, Daily forum
On the Hourly that is in Bearish (directional) Market Bias, the bears are headed for a drop towards 7 Swing Lows and a S&R Zone to breach. That potentially means that we'll see a clean "sweep" of many active Support Areas that are still active and old. One Swing Low goes as far back as May 27th.
This "sweep" to breach, thereby de-activating the Swing Lows, would make way for the formation of new ones to come.
