Could gap down, consolidate, false move high and continue its drop to bottom of channel. Alternatively it could gap up just above the supply & demand zone, drop into the zone, consolidate and rise. I would use a lower time frame to determine my entry for either trade setup.
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.