Heading to the top/resistance of the Monthly range, This is the area I want to see get induced to the before we head to the upside
At this area, supply and demand traders will be taken out and sellers willl be interested.
I will be waiting for a reaction signalling sellers to enter before I buy
It seems a head and shoulders pattern might be forming, but I haven't considered it yet since the weekly candle hasn't closed.
Traders looking at head and shoulders patterns can be targeted if the right shoulder reacts and brings in sellers.
Higher timeframes generally provide more reliable directional trends than lower timeframes, which is why I focused on the...
The monthly timeframe just induced a key supply/resistance zone
The recent 1Month swing low is now the target
The daily shows a clear impulse to the downside the. I want to see the high get taken out before I consider opening a sell order.
If this point is taken out, not only early support and resistance/supply and demand traders are taken out but new buyers...
