On the daily timeframe market has formed a nice overextended W formation, we expect this pattern to complete at the neckline, from a entry perspective market on the 1hr has now broke bullish structure and formed a nice lower low below support. Now we are waiting to see if we get a nice slow correction to our sell zone and we can then take the short.
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.