Based on 4H Structure, there was a failed Supply zone which caused a break of structure thus forming a 4H high. There we have a counter trend market that's currently bearing seeking to test the 4H Demand Zone.
Do you think if the price is close to 13,000, it could most likely break with the bottom.
fisokuhledlamini00
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@Faraz_kuchulu, that's such an interesting observation my friend. Such is possible, however that impulsive move that left the demand zone convinces me that that demand zone is likely to hold even though i wouldn't enter aggressively, I'd wait for a confirmation entry should I see a bullish structure on a LTF, if not then price might drop further and break the bottom, it might even cause a spike