After having a wonderful 6-7 months long rally and amazing Q1 in 2024, it is time for shift in market profile/trend. I expect Q2-Q3 of 2024 to work as retracement and consolidation phases. Critical levels of liquidity pools are marked as green lines on the chart, whereas in Ideal scenario price would be retesting weekly bullish order block at 30.5k, I think this will be a very swift price action to that price at certain point in late summer/early autumn. And should be the final phase of this correctional move. After that into the end of the year we will see consolidation period, with potential expansion in late Dec 2024, or early Jan 2025.
Stay awoke folks, bears are in charge now!
Stay awoke folks, bears are in charge now!