The possibility of the price's last low being retested is currently present. After clearing the last low, I expect a rise up to the blue zone. When the price reaches the blue box, caution is needed. For a bullish scenario, that area needs to be broken with volume; otherwise, it could form a new low on the higher time frame.
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The possibility of the price's last low being retested is currently present. After clearing the last low, I expect a rise up to the blue zone.
When the price reaches the blue box, caution is needed. For a bullish scenario, that area needs to be broken with volume; otherwise, it could form a new low on the higher time frame.