The structure on D1 showed a break in short (according to 4-T) after testing historical highs. The price has room to correct. Of course, the market may not do this — the structure will show, a scenario of significant consolidation is possible.
The development of a local short within the global bullish structure looks logical:
1. Right now, after the breakdown at D1, a long correction is working out.
2. After testing the bearish blocks, I expect the continuation of the movement to update T-4.
3. Next, I will watch to see if the price wants to drop to test MC-1 (the order block for long) — this is an area of interest for large capital.
You can't always go long. The market must be efficient, and for that, it needs corrections.
Wishing everyone profit and knowledge! 🐳
