Analysis done on the 4HR
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Given Info:
→ MSS Indicating Bullish run
→ We have 3 BOS on 4HR TF creating new HH
→ After 3rd BOS the last 3 4HR candles we have BSL Sweep that failed to take out the last high, by rejecting and essentially sweeping liquidity.
Scenario 1 ( Green Line) :-
→ Price comes pushes down to our SIBI @ 42.928 (sell side imbalance buy side inefficiency) still with in our bullish channel and rejects of off the 4HR FVG and pushes to push back up BSL creating a new high at 43.740?
Or 🙄
Scenario 2 ( Red Line ):-
We get a deeper retracement taking out the bullish OB turning it into a Breaker Block , creating a MSS then retesting the Breaker Block and making its way further down to SSL @ 41.923?
Seems shorts need to happen in order to go long again, as after every HH that gets made there has to be a HL @ (42.928) or price could simply just break structure completely and market starts to short grabbing liquidity @ 41.923 before going long again? 🤔
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