As the market is continuing its bearish order flow, I'm expecting it to react from the current supply range. Which is 1H supply zone and 15 refined supply zone.
Here’s the expected sequence of movement:
1. It gave a fake out from the channel pattern.
2. I expect a push higher to take out the previous LTF swing high, resulting in an iBoS.
3. Following that, I need market to give CHoCH and tap in the supply zone which caused the
CHoCH and continue to fall until it reaches the price lvl of 2950 range.
Even if the price starts to fall from the current trading price the plan is still the same 📉.
This is my current plan for now. If there's any changes arise, I will update the outlook accordingly.
Thanks you for your time..
Here’s the expected sequence of movement:
1. It gave a fake out from the channel pattern.
2. I expect a push higher to take out the previous LTF swing high, resulting in an iBoS.
3. Following that, I need market to give CHoCH and tap in the supply zone which caused the
CHoCH and continue to fall until it reaches the price lvl of 2950 range.
Even if the price starts to fall from the current trading price the plan is still the same 📉.
This is my current plan for now. If there's any changes arise, I will update the outlook accordingly.
Thanks you for your time..
Note
Even though market was sluggish in both the killzones, and now finally the price has started to move to the side that anticipated. Hope it takes the low in the Asian session..Let's give some time for the price to buildup again and see it back tomorrow if there's any possible entry.
Thanks for your time
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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.