A strong impulsive move that left an imbalance on the 15 Min after leaving behind some liquidity proves a valid bearish order block for a trend continuation trade. I've measured with the Fibonacci retracement, it aligns with the 61.8% level. As well as using the volume profile sentiment of recent price history. (Valid POC). Hence, price could potentially retrace to this bearish order block before continue pushing downwards.
Trade closed: target reached
Well, it worked.
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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.