COF - Proceed... but with caution.
From the general outlook, we see a beautiful bullish flag forming on the HTF and price respecting our tapered controlled selling white algorithm. However, what I did not mention in the video is that we have a very large HTF demand zone at the $165 level - price is definitely going to be attracted to it like a magnet - so unless we see real support up here at these levels and strong buying pouring it, I have an expectation that we attempt a deeper liquidity build to those levels.
Happy Trading :)
Happy Trading :)
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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.