Aldofromjc
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Higher timeframe context is still bullish, with short-term pullback pressure.
On the daily, structure hasn’t broken. The 4H remains bullish but is currently testing its prior higher-low support. Because of that, the 30m is showing lower highs and lower lows, which explains the short-term downside pressure without implying a trend reversal.
At the moment, price is consolidating just above support after the sell-off. Recent candles have smaller bodies and reduced follow-through, which suggests hesitation rather than acceleration. This looks like a decision area where the market is testing whether buyers can absorb the move or whether sellers regain momentum.
For me, pullback pressure only starts to ease if the 30m closes and holds above the last lower high, while the 4H continues to hold its higher low without further expansion lower. If those conditions aren’t met, I treat any bounce as corrective rather than continuation.
Posting this as a structure read rather than a trade idea. Interested to hear how others here distinguish between pullback pressure and reversal in this situation.
On the daily, structure hasn’t broken. The 4H remains bullish but is currently testing its prior higher-low support. Because of that, the 30m is showing lower highs and lower lows, which explains the short-term downside pressure without implying a trend reversal.
At the moment, price is consolidating just above support after the sell-off. Recent candles have smaller bodies and reduced follow-through, which suggests hesitation rather than acceleration. This looks like a decision area where the market is testing whether buyers can absorb the move or whether sellers regain momentum.
For me, pullback pressure only starts to ease if the 30m closes and holds above the last lower high, while the 4H continues to hold its higher low without further expansion lower. If those conditions aren’t met, I treat any bounce as corrective rather than continuation.
Posting this as a structure read rather than a trade idea. Interested to hear how others here distinguish between pullback pressure and reversal in this situation.
