The price had a false breakout from the daily area on 38400 and now the price is trying to come back into the daily structure.
the false breakout could confirm if the price will have a daily close above the 39200$
Otherwise, if the price is going to have a rejection from the daily structure and confirm the 4h breakout above the new lows (37600) we can apply our rules for a new short position until 34200.
This week will be crucial
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
the false breakout could confirm if the price will have a daily close above the 39200$
Otherwise, if the price is going to have a rejection from the daily structure and confirm the 4h breakout above the new lows (37600) we can apply our rules for a new short position until 34200.
This week will be crucial
––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
