In the chart above I have provided a textbook example of what might be unfolding for PSNY.
1. Previously confirmed Supply & Demand channels remain intact.
2. Recent move to the upside can be confirming that a new HIGHER LOW which in turn confirms the floor for current trend.
3. Important for price action to stay above 5.50 to avoid an early retest of lower timeframe.
PSNY
1. Previously confirmed Supply & Demand channels remain intact.
2. Recent move to the upside can be confirming that a new HIGHER LOW which in turn confirms the floor for current trend.
3. Important for price action to stay above 5.50 to avoid an early retest of lower timeframe.
PSNY
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