Monthly uptrend, Weekly downtrend.
Weekly corrective move on monthly uptrend hit on dotted line.
Daily uptrend to reach for external liquidity (outside Weekly high).
Personal bias is a selling opportunity before then. Possible buying opportunities to hit before then (blue lines below current price).
We have a gap to fill.
Although this is a corrective move for the weekly time frame, long term goal is breaking weekly high. Going to wait for future price action and will update throughout week buying opportunities and if trade idea still valid.
Weekly corrective move on monthly uptrend hit on dotted line.
Daily uptrend to reach for external liquidity (outside Weekly high).
Personal bias is a selling opportunity before then. Possible buying opportunities to hit before then (blue lines below current price).
We have a gap to fill.
Although this is a corrective move for the weekly time frame, long term goal is breaking weekly high. Going to wait for future price action and will update throughout week buying opportunities and if trade idea still valid.