price has returned to key weekly/daily area and has shifterd in the 4HTF indicating a potential move to the upside once the market has returned to the NF then and shift in 30min then bullish rally continues to the weekly/daily level
the market has clearly shifted its structure now making LL
following this shift is the inside and outside formation.
since price has not tested the inside formation there is a great possibility that the price will move further to the upside and test the inside formation before proceeding to the downside.
From the HTF the trend is bearish... here is an analysis of where we can take the short positions.
A clear BMS is seen followed by first test on the immediate inside formation that results into creation of the FLOOR/ROOF.
in many cases the ROOF is an indicator that price will test higher liq. area before moving further to the downside.
