Price has continued bullish indicating that bullish pullback phase is incomplete.
Internal structure remains bearish until strong internal high is taken out.
Intraday expectation: Price to react at 50% EQ of the swing structure, which is indicated in black or H4 supply levels before targeting weak internal low.
H4 Chart:
M15 Analysis:
-> Swing: Bullish. -> Internal: Bullish.
Price again printed, as per yesterday's intraday expectation, targeted the weak internal high and printed a further bullish iBOS.
After an iBOS we expect a pullback which seems to be currently underway.
Bearish CHoCH will indicate, but not confirm bearish pullback initiation which is marked with a blue dotted line.
50% EQ, M15 demand and Bearish CHoCH are all positioned closely.
Intraday expectation: Internal structure is bullish, therefore, price to react at either discount of 50% EQ or M15 demand zone before targeting weak internal high.
Alternative scenario is price to target strong internal low as we need to be mindful that H4 is in bearish pullback phase.