DislikedAnyone took the long? I am keen on your opinions there. From a (my) price action standpoint the bears looked definitely better while the bulls did not achieve much. (First red dashed line). Then the bears came down with good momentum (second dashed line) and the buyers still traded higher without caring it seems. Had no reasons to enter there except of the expectation. Which in my eyes was "weak". I am looking forward to your input and your view on this! Hope you all trade in green today! {image} {image}Ignored
Overall trend is to the upside this week, and the bulls made a NSH, but I did not take the trade for the same reasons than you.
Bears made 3 legs to the downside and the last leg lost projection and momentum.
We expect a deep pullback, but bulls made a NSH instead, maybe the bears must had not allow it.
Althoug the bears showed more momentum (red lines) after the NSH they could not retest the lows and the second leg made less points.
The bulls stopped the bears right at structure and they won momentum on their leg to the upside (green lines)
These may be some clues...
PS: I realized the swings' momentum are different in your image so it has no sense what i wrote. I was on my forex account.