Yellow Ellipse- Signify Downtrend Structure
Red Ellipse- Signify The Structure break
Green Ellipse- Signify the new trend stucture
LH- Lower High
LL- Lower Low
HH- Higher High
HL- Higher Low
Light Red Box- Monthly Market Demand
Light Blue Box- Monthly Market Supply
To start this market is in a very good position to Buy the market. It has just broken monthly market structure, created a HH, and currently respecting Monthly and Weekly Demand. The two price points I have marked is the range this market is currently in. Now If the market Breaks through this Monthly Supply and touches above 19.62 we could see this Market head toward the next supply @ 49.70 I would be holding on to this long term. I dont see this reaching the all time low @ 3.40
Red Ellipse- Signify The Structure break
Green Ellipse- Signify the new trend stucture
LH- Lower High
LL- Lower Low
HH- Higher High
HL- Higher Low
Light Red Box- Monthly Market Demand
Light Blue Box- Monthly Market Supply
To start this market is in a very good position to Buy the market. It has just broken monthly market structure, created a HH, and currently respecting Monthly and Weekly Demand. The two price points I have marked is the range this market is currently in. Now If the market Breaks through this Monthly Supply and touches above 19.62 we could see this Market head toward the next supply @ 49.70 I would be holding on to this long term. I dont see this reaching the all time low @ 3.40
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