FRIDAY
7-JUN
Price remains in consolidation and barely took out Y high this morning.
Further upside LQ could be found above Monday's high which is too far away right now.
Although the lows are being rejected it seems price cannot pick up enough steam to sustain a rally.
There is still lots of downside LQ, below this week's low and another weekly low just below that.
On LTF, price rejected the current range low and is heading towards the range EQ.
It's important how price reacts from the H4 zone around the EQ since sellers may be waiting to step in around those prices.