– W1 has just continued to close a strong bullish candlestick demonstrating the dominance of the bulls during recent times.
– After approaching the 1928 price level, the bulls took a break and the bears took advantage of this time to quickly regain some position, pushing D1 to close the candlestick around 1917.
– Today the market will soon rise again around 1922, where if the H4 timeframe shows a bearish reversal signal, it is likely that the bears will consolidate their position in this area because after 1 wave of attacks, the bulls may need to “rest” for a short time.
Command reference:
Sell 1922
SL 1928
TP1 1915
TP2: 1910
