- Bullish M not completed yet - Flat wall - Targeting at least the 166.000 region
Weekly timeframe
- Bullish indicational candle - Selling region/weekly high could've been used as resistance, instead we are trading back above - Bullish market structure
Daily timeframe
- Bullish impulse followed by a bearish correction - 90% rule kicked in - Bullish M (we can see the break on the 4H timeframe) - Precise tap of the last weekly high and using it as support
4H timeframe
- Deceleration -> given the strong bullish reaction within the deceleration I go to the lower timeframe (2H/1H) to see whether a pattern has formed there