From the HTF the trend is bearish... here is an analysis of where we can take the short positions.
A clear BMS is seen followed by first test on the immediate inside formation that results into creation of the FLOOR/ROOF.
in many cases the ROOF is an indicator that price will test higher liq. area before moving further to the downside.
A clear BMS is seen followed by first test on the immediate inside formation that results into creation of the FLOOR/ROOF.
in many cases the ROOF is an indicator that price will test higher liq. area before moving further to the downside.
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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.