Here's a quick idea and how I could simply analyze a potential trade like this short on MODG:
1. Higher Time Frame intentional target
2. LTF Supply zone (level where known sellers exist)
3. Certain technical confluences within the algorithms, volume, and price action
1-2-3 punch and we've set ourselves up with a potential 1:12 Risk-Reward trade!
Happy Trading :)
1. Higher Time Frame intentional target
2. LTF Supply zone (level where known sellers exist)
3. Certain technical confluences within the algorithms, volume, and price action
1-2-3 punch and we've set ourselves up with a potential 1:12 Risk-Reward trade!
Happy Trading :)
Trade active
Trade (short) entered at the rejection of our LTF supply zone! Stop loss at $6.79 set - and now we just wait patiently! 
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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.