We've completed a five-wave structure, removed liquidity above the previous high (ph), and on the linear chart, we're breaking the ascending structure (bos). These indicators suggest a probability of correction towards equal lows (eql), which act as a price magnet.
After removing liquidity at equal lows (eql), I anticipate price action ascending towards the upper level of the sideways channel. This will confirm the range.
After removing liquidity at equal lows (eql), I anticipate price action ascending towards the upper level of the sideways channel. This will confirm the range.