A Short Term Market Structure Idea
The chart speaks for itself. The current market structure looks like the last micro cycle on the 1D chart. There is nothing bullish in the short term unless price gets over the pink rectangle.
How important is the next low? Very!
If this chart was zoomed out a bit you’d see a noticeable downtrend, then as seen here a low followed by a higher high. This current micro cycle is important because a higher low also means a higher low on the large downtrend. If that is the case then the next low has the potential to provide great returns.