Price is at a supply level, this level has been broken in the past therefore I consider this as "weak supply"
However, I do like the strong movement and how the price left that level before, it makes me think we might have a new opportunity.
I would wait for a clear reversal pattern such as: Double Top, shoulder head shoulder to place my sell entry taking profit near the demand zone right there below.
DO NOT ENTRY RIGHT NOW! WAIT FOR CONFIRMATIONS
However, I do like the strong movement and how the price left that level before, it makes me think we might have a new opportunity.
I would wait for a clear reversal pattern such as: Double Top, shoulder head shoulder to place my sell entry taking profit near the demand zone right there below.
DO NOT ENTRY RIGHT NOW! WAIT FOR CONFIRMATIONS
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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.
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.