H4 Analysis:
Analysis/bias remains unchanged from yesterday's 13/03/2024) analysis
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a swing BOS and subsequently a bullish iBOS.
Bearish CHoCH has been printed.
We are now trading within an internal range.
As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation has now been printed.
Bearish iBOS will provide confirmation that pullback is underway.
Due to the bullish nature of the market, Intraday expectation is for price to target internal high, however, all HTF's are indicating the need for a pullback, therefore, a second potential scenario could be price targeting internal low to confirm pullback is now underway.
H4 Chart:
M15 Analysis:
Analysis/bias remains unchanged from yesterday's 13/03/2024) analysis
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish iBOS which confirms my comments yesterday (12/03/2024) that it would be useful to remember that all HTF's are requiring a pullback.
Intraday expectation is for price to continue bullish, react at M15 POI or 50% EQ before targeting weak internal low.
M15 Chart:
Analysis/bias remains unchanged from yesterday's 13/03/2024) analysis
-> Swing: Bullish.
-> Internal: Bullish.
Price printed a swing BOS and subsequently a bullish iBOS.
Bearish CHoCH has been printed.
We are now trading within an internal range.
As mentioned 11/03/2024, bearish CHoCH, which is the first structural indication, but not confirmation that bearish pullback is underway, will indicate pullback initiation has now been printed.
Bearish iBOS will provide confirmation that pullback is underway.
Due to the bullish nature of the market, Intraday expectation is for price to target internal high, however, all HTF's are indicating the need for a pullback, therefore, a second potential scenario could be price targeting internal low to confirm pullback is now underway.
H4 Chart:
M15 Analysis:
Analysis/bias remains unchanged from yesterday's 13/03/2024) analysis
-> Swing: Bullish.
-> Internal: Bearish.
Price has now printed a bearish iBOS which confirms my comments yesterday (12/03/2024) that it would be useful to remember that all HTF's are requiring a pullback.
Intraday expectation is for price to continue bullish, react at M15 POI or 50% EQ before targeting weak internal low.
M15 Chart:
