EU is bearish on a HTF.
Current structure: the market recently made a pull back to the extreme zone (MTF-IMB) filtered with 75% FIB. After rejecting on this IMB we saw high momentum to the down side but not internal swing lows were taken out> meaning internal bullish structure is still valid until we see internal CH. We are presuming that the market might sweep the liquidity resting just above LTF-LH after internal BOS. then take out last swing low to provide us with CH>Realignment.
During pre-market open we will preview our expectation and adjust accordingly.
Current structure: the market recently made a pull back to the extreme zone (MTF-IMB) filtered with 75% FIB. After rejecting on this IMB we saw high momentum to the down side but not internal swing lows were taken out> meaning internal bullish structure is still valid until we see internal CH. We are presuming that the market might sweep the liquidity resting just above LTF-LH after internal BOS. then take out last swing low to provide us with CH>Realignment.
During pre-market open we will preview our expectation and adjust accordingly.