Daily Trend Analysis Using Daily Bias 🔥

🔹 Context: On the daily timeframe, we observe that today's candle has broken the PDL (Previous Daily Low) of yesterday's candle without closing the body below it, indicating a potential upward movement. Additionally, the candle interacted with the OB (Order Block) area, which increases the likelihood of a bullish retracement.

🔹 Daily Bias Analysis: ✅ The break through the wick only, without closing the body below the PDL, indicates a liquidity trap for sellers before moving upward. ✅ The interaction with the OB enhances the chances of a retracement, especially if accompanied by new liquidity entering the market. ✅ If there are supporting FVG (Fair Value Gap) or MSS (Market Structure Shift) for the upward movement, this could drive the price into a strong upward move.

🔹 Supporting Indicators: 🔹 Overall price trend: Are we witnessing a bullish structure or are there nearby resistances? 🔹 Liquidity movement: Are there candles with long wicks indicating absorption of selling liquidity? 🔹 Momentum strength (RSI, MACD, ADX): Are there supporting signals for upward movement?

🚀 Expected Scenario: If the positive momentum continues and the interaction with the OB on the daily timeframe is confirmed, we may witness a continuation of the upward trend. However, daily closing should be monitored, as a full close below the PDL could shift the scenario towards a potential downward trend.

This is an upward movement I expect to be weak but very useful for daily trading.