Unfortunately, the channel that we used on our previous analysis seem not respected by the price {link on related ideas).
So let's start again, from scratch.
As we can see on the chart, The Bulls are trying to retake its last high position but find struggle with our Supply Area.
im pessimistic if the bulls could break this zone, so my most likely scenario are, the Bears will take control of the price for a while, and the bulls will be waiting until our next Demand Zone hit, before showing themself again.
Our next Demand Zone will be precisely at our lower channel that formed by connecting 18 June and 2 July Pivot High, and move it to our 24 June Low.
We will watch closely the Price Action of our next Demand Zone closely for the next following days.
If you like an update of our analysis, please consider to follow.
Stay Safe, Stay Green Brother,
So let's start again, from scratch.
As we can see on the chart, The Bulls are trying to retake its last high position but find struggle with our Supply Area.
im pessimistic if the bulls could break this zone, so my most likely scenario are, the Bears will take control of the price for a while, and the bulls will be waiting until our next Demand Zone hit, before showing themself again.
Our next Demand Zone will be precisely at our lower channel that formed by connecting 18 June and 2 July Pivot High, and move it to our 24 June Low.
We will watch closely the Price Action of our next Demand Zone closely for the next following days.
If you like an update of our analysis, please consider to follow.
Stay Safe, Stay Green Brother,
