1. Price is currently trending bullish
2.Price broke out and formed support in this range
3. If price respects the structure and previous low, it can continue bullish. If the lows are broken, price can retest the monthly level of support
4. High probability that price can fill the wick
2.Price broke out and formed support in this range
3. If price respects the structure and previous low, it can continue bullish. If the lows are broken, price can retest the monthly level of support
4. High probability that price can fill the wick