Liquidity has been swept above the EQHs and may set up additional liquidity below the forming EQLs before a short term rally and then a sweep of liquidity sitting above an unmitigated demand zone. We’ll have to wait and see…
As I see the chart, the bullish power has significantly decreased, climaxes are formed lower, comparing to the previous ones and valleys are formed lower, bearish legs are taking more time and bullish ones are done shortly. I would wait for a bearish trigger to enter short honestly.