Price has reached target at U-MLH line and so now is the time to draw wl-5 and WL-1.
Immediate target will be wl-5. Expect possible price trap between wl-5 and the upsloping U-MLH. This creates extreme pressure to be squeezed in the red "bermuda" triangle here with strong bias for the price to jettison towards WL-1. When that happens, it is time to draw wl-6.
Let's see how the story unfolds...
Immediate target will be wl-5. Expect possible price trap between wl-5 and the upsloping U-MLH. This creates extreme pressure to be squeezed in the red "bermuda" triangle here with strong bias for the price to jettison towards WL-1. When that happens, it is time to draw wl-6.
Let's see how the story unfolds...