Strong sell action from last days give opportunity to sell on retracement, where we have 3 confluences:
Buyers still nowhere...
- Rotation with volume accumulation
- Strong sell gap - imbalance extreme
- Pivot high - reversal point rejected price
Buyers still nowhere...
Note
Price tested level before, also second chance is only for confirmation trade
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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.