In a daily time frame, a potential head & shoulders is going to be formed, thus I will manage the price action at the area and enter a short position.

From COT perspectives (Oder Flow perspectives), hedge fund has started to add both short and long position. Adding short positions in a downtrend market is to push the price to the downside whereas adding long position in a downtrend market is to create a retracement in order to enter short in a higher price.

In conclusion, we will be monitoring the price action in 4H time frame, because my strategy is "Monthly,Weekly, Daily for direction & 4H for entry."



Do drop a comment at the comment section below! We can share our analysis to each other.
Kindly take note that my analysis is based on COT perspectives and technical analysis .
Also, we always reacting to the market instead of predicting the market.

Chart PatternsMoving AveragesTrend Analysis

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