Short Term Bearish Before Going Bullish...?
On this 4 hour, this market has maintained its bullishness, printing higher highs and higher lows from over a week now. Prices are currently in a Bullish PB that is forming a high at the moment. Because the market never moves in a straight line, the market is expected to experience some bearish retracement back into our PB, from where it would be expected to experience some reversal before the continuation of the up move.
We have refined our PB to a rather smaller zone. It is expected that prices will come right into our zone, and begin to reverse from there. When that happens, prices will be expected to resume the bullish push and go all the way to the 4 hour liquidity target above.
We have refined our PB to a rather smaller zone. It is expected that prices will come right into our zone, and begin to reverse from there. When that happens, prices will be expected to resume the bullish push and go all the way to the 4 hour liquidity target above.
