This is a chart I made to track if I understand the current market structure.
Note
I'm planning to fill short positions around 5400 & 5500 with stop around 5600 and flip to long between 4500 - 4800 range.I am not confident* with this play, yet I'm willing to risk a small position.
Note
Closed my shorts and flipped to long at $5090.*Everybody* expects to see 4500-4800 soon. I don't think that will happen. I'm currently paying attention to this scenario.
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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.