H4 Analysis:
Analysis/Bias remains the same as post dated 10/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bullish iBOS.
We are now trading within a fractal high and internal low.
Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high.
Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Price is now trading within an internal range and reacting at 50% EQ.
Price has printed a bearish CHoCH which indicates, but not confirms, that pullback is underway. Intraday expectation is for price to continue bearish.
As price is reacting at 50% EQ, we could see price targeting weak internal high.
M15 Chart:
Analysis/Bias remains the same as post dated 10/03/2024.
-> Swing: Bullish.
-> Internal: Bullish.
Price has printed a swing BOS and subsequently a bullish iBOS.
We are now trading within a fractal high and internal low.
Expectation is for price to pullback to H4 POI and 50% EQ, both of which are located at the same position, before targeting internal high.
Bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bullish.
-> Has reached EQ.
Price has printed a bullish swing BOS and subsequently a bullish iBOS.
Price is now trading within an internal range and reacting at 50% EQ.
Price has printed a bearish CHoCH which indicates, but not confirms, that pullback is underway. Intraday expectation is for price to continue bearish.
As price is reacting at 50% EQ, we could see price targeting weak internal high.
M15 Chart:
