- Price currently ranging from 8.7k - 10k - Price consolidating inside Darvis Box - Several Scenarios at play
Bearish Scenario: Change in Market Structure ie. LL + LH's Requires a break and hold under 8.7k Looking for further bearish candles ie. bearish engulfing, etc.. Price under Centre Bollinger Band w/ 2x rejections Further confirmation on re-test of Darvis Box A breakdown of 8.7k would likely lead to a large sell-off
Bullish Scenario: Price bounce off 8.7k w/ volume and bullish candlesticks ie. Morning Star, Engulfing, Harami etc.. Possible Bullish Rectangle pattern on Weekly Falling Wedge forming on 4H TF. A break up of wedge would likely lead to price hitting top of Darvis Box (small TF trade) Confirmed break of Major Downtrend would likely lead to FOMO buy-in