Market structure analysis

2021년 8월 11일Here we see clearly that price is rejecting a weekly key level, then we see break of market structure on the daily tf were sellers are likely in control, the formation of a valid daily supply zone with a huge drop and now price is currently retesting this zone, were price has formed a range structure and broke out of the structure, with break of a counter ascending trendline, we anticipate a pullback to the range support level to act as resistance, that correspond with 38.2 fib level