With bearish trend and how price is now taking out buystops and coming into equilibrium/discount, there's opportunity to sell at a premium. This trade idea is based on daily and H4 levels, and considering the fact that Nasdaq (QQQ) becomes bearish rest of the week. With High Impact news remainder of the wick, there might be manipulation to take out more buystops before selling down. We'll see.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.