H4 demand in play

This is a continuation of my first post, please go read if you haven't. Price is inside daily demand, provided a reaction and then came back deeper to the H4 level that I had marked.

Today the M15 internal structure changed and it's now bullish, suggesting that the pb is over and price is ready to move higher. The first target is the most recent H4 high and then it's necessary to reevaluate the situation, because the way I see it, price is in a crucial moment.

If it breaks lower from today's low, there's still the M15 at the very bottom, which is the last level before the break of H4 structure. If that happens, it's suggesting that price wants to mitigate a lower level on the daily and then it's valid to consider shorts.

코멘트:

Clean reaction to both demand and supply right now.

My expectation still is for price to break supply, it's very important to understand what's happening atm. With 1.5 days left for the weekly candle and a reaction to daily demand, I'm looking for price to take at Tuesday's high.

For this to happen, the next H4 candle has to hold and for that to happen, we should see M15 levels holding as well.

코멘트:

Strong reaction to M15 supply but has discussed before, there's still a chance for price to come to the bottom of the daily demand (M15 demand) and only react from there. Which means that there's the possibility for a strong Friday.

There's always the possibility in my mind that price may turn bearish and break structure on the H4 but for now, there's no real reason to look for shorts.