Greetings readers,
As we can see, market structure is kind of all over the place however, there are solid areas of price action taking place. Right now as we can see on the day time frame, price has formed a bearish head and shoulders pattern. As we are aware, head and shoulders pattern is a pretty solid pattern.
I believe price will fulfill the head and shoulders pattern so we will see more of price towards the downside. Keep the earlier order block in mind when trading. I believe price will react here. Price will either continue to a lower OB which has not been mitigated or reverse from this point and mitigated bullish OB's.
Have a great weekend and be safe!
As we can see, market structure is kind of all over the place however, there are solid areas of price action taking place. Right now as we can see on the day time frame, price has formed a bearish head and shoulders pattern. As we are aware, head and shoulders pattern is a pretty solid pattern.
I believe price will fulfill the head and shoulders pattern so we will see more of price towards the downside. Keep the earlier order block in mind when trading. I believe price will react here. Price will either continue to a lower OB which has not been mitigated or reverse from this point and mitigated bullish OB's.
Have a great weekend and be safe!