briefly, price action has been in a long descending channel and price test key low area before respecting the trend lines and moving back up to normal price range
price moved up impulsively within the channel and now is currently in a large bull flag within the structure
PRICE ACTION IS REPEATING ITSELF FROM A PREVIOUS PATTERN A MIDDLE RUNNING CHANNEL WITHIN A DESCNEIDNG CHANNEL
anticipating price to make a slight continuation where it may find support at the orange box level before making a move to the upside to the highs
there is also a possibility that price will continue to the downside as the higher time frame suggests that the structure is still bearish in nature so we may see price approach the green box area which will be a nice accumulation area where price may confirm support and move to the upside!!!
price moved up impulsively within the channel and now is currently in a large bull flag within the structure
PRICE ACTION IS REPEATING ITSELF FROM A PREVIOUS PATTERN A MIDDLE RUNNING CHANNEL WITHIN A DESCNEIDNG CHANNEL
anticipating price to make a slight continuation where it may find support at the orange box level before making a move to the upside to the highs
there is also a possibility that price will continue to the downside as the higher time frame suggests that the structure is still bearish in nature so we may see price approach the green box area which will be a nice accumulation area where price may confirm support and move to the upside!!!