Hey 👋🏾 y'all I am back with my first publication of 2025! I hope everyone enjoyed their holiday season and is ready to absolutely CRUSH this year!!
Let's dive in:
As you can see from my 4H price is in a giant correction. Price attempted to push higher, however continues to fail to do so.
The 15m liquidity zone (15m LQZ) we can see price is having difficulty closing above there and in fact sells off rather aggressively from that level.
This is 1 indication, or confluence, that price will more than likely melt to the downside. Not, before however, giving us a false sense of hope that she will reach previous highs.
By that I mean to say that I believe price will push higher first, stall out (form a smaller 1H or 15m ascending channel within my larger 4H ascending channel) and then melt.
I expect price to push up and stall around where I have placed my top trendline - giving me the all-clear to ride this elevator to the downside.
Like always it is not my job to predict the markets, but to react...time will tell.
I have a setup in mind for the long position as well. However, let's see if this short position plays out this week (Thursday and Friday).
I will update y'all at the end of the week 😁 byyyyeeee! ✌🏾
Let's dive in:
As you can see from my 4H price is in a giant correction. Price attempted to push higher, however continues to fail to do so.
The 15m liquidity zone (15m LQZ) we can see price is having difficulty closing above there and in fact sells off rather aggressively from that level.
This is 1 indication, or confluence, that price will more than likely melt to the downside. Not, before however, giving us a false sense of hope that she will reach previous highs.
By that I mean to say that I believe price will push higher first, stall out (form a smaller 1H or 15m ascending channel within my larger 4H ascending channel) and then melt.
I expect price to push up and stall around where I have placed my top trendline - giving me the all-clear to ride this elevator to the downside.
Like always it is not my job to predict the markets, but to react...time will tell.
I have a setup in mind for the long position as well. However, let's see if this short position plays out this week (Thursday and Friday).
I will update y'all at the end of the week 😁 byyyyeeee! ✌🏾
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.
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.