POTENTIAL AREA TO ADD FURTHER SHORTS FROM
NAS100 1H - As you can see I have gone ahead and marked out an area of interest I feel price may come to trade up and into before taking us lower in the market. This area represents a hidden order block.
In order for us to get involved from this area of Supply we need to wait for price to trade in and give signs of rejection to the downside, this will come typically via a fractal BOS.
Once price trades in and breaks structure fractally this is when we can look to go short or take part in further shorts in this market as a BOS will confirm to us that this initial pullback has finished and a new bearish leg is ready to be printed.
When structure breaks we can expect price to pullback to set a lower high this is following the laws of bearish structure and in doing so we are able to get in with a more refined entry and a better RR.
In order for us to get involved from this area of Supply we need to wait for price to trade in and give signs of rejection to the downside, this will come typically via a fractal BOS.
Once price trades in and breaks structure fractally this is when we can look to go short or take part in further shorts in this market as a BOS will confirm to us that this initial pullback has finished and a new bearish leg is ready to be printed.
When structure breaks we can expect price to pullback to set a lower high this is following the laws of bearish structure and in doing so we are able to get in with a more refined entry and a better RR.
Related publications
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.