Since the publication of the inflation rate last Friday we have saw massive selling pressure across global markets, lead by the dow jones. On the 1D we have bounced from demand but left a potential wick to fill. The bears are still very much in control here as i said yesterday don't try to fight the trend - we are waiting on the LTF for price to sweep the Liquidity above the identified highs and hit our HTF supply zone before we will potentially look for entry confirmations to open short, targeting the low of the week.
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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.