The price is testing the important Weekly support on 1792$
On the 4h timeframe the price had a breakout from the falling wedge and got a rejection from the 4h resistance on 1935$.
The market creates a demand zone between the weekly support 1792$ and 4h support 1748
How to approach?
The price could get the liquidity from the demand zone and create a new bullish impulse above the 4h resistance 1870$ and retest again the 1935$ resistance if the market is going to satisfy our rules
ââââ
Keep in mind.
đŁ Purple structure -> Monthly structure.
đŽ Red structure -> Weekly structure.
đ” Blue structure -> Daily structure.
đĄ Yellow structure -> 4h structure.
On the 4h timeframe the price had a breakout from the falling wedge and got a rejection from the 4h resistance on 1935$.
The market creates a demand zone between the weekly support 1792$ and 4h support 1748
How to approach?
The price could get the liquidity from the demand zone and create a new bullish impulse above the 4h resistance 1870$ and retest again the 1935$ resistance if the market is going to satisfy our rules
ââââ
Keep in mind.
đŁ Purple structure -> Monthly structure.
đŽ Red structure -> Weekly structure.
đ” Blue structure -> Daily structure.
đĄ Yellow structure -> 4h structure.
