We got a fresh test of a demand zone which seems to be holding against the bear assult.
We've already broken 2 demand zones (which i've removed the one with the lower timeframe) and formed a new supply zone which in my opinion it should come back to test before going further down.
This could be the lower high or "E" wave
If it runs through the supply zone, then it's highly likely the breakout below is a fakeout and we're looking at a return of the bulls.
Worst case scenario will be falling further to the next demand zone around the 8k regions.
We've already broken 2 demand zones (which i've removed the one with the lower timeframe) and formed a new supply zone which in my opinion it should come back to test before going further down.
This could be the lower high or "E" wave
If it runs through the supply zone, then it's highly likely the breakout below is a fakeout and we're looking at a return of the bulls.
Worst case scenario will be falling further to the next demand zone around the 8k regions.
should consolidate before breaching further upwards