Price could continue bullish throughout the rest of this week as long as the structure of the bullish trend continues to be respected. I understand that this is a counter trend analysis, but a healthy trend always needs to pullback before a continuation. My bias is bullish in the short term, but I believe to overall market is showing signs of more bears to come in the next few weeks.
1. Price formed a HL/Support
2. Price has broken resistance and formed a new high
3.Price could be retracing to form support before continuing the bullish trend. Be mindful of a possible rejection from the EMAs
1. Price formed a HL/Support
2. Price has broken resistance and formed a new high
3.Price could be retracing to form support before continuing the bullish trend. Be mindful of a possible rejection from the EMAs