1. Based on the weekly chart, the overall market is downtrend. 2. We are waiting for the price to hit the supply zone, as the buying power is very strong. Once the colour change when it hit the zone, we will want to short to the next pivot point. 3. We would like to put our stop loss above the supply zone. 4. If the trend continue downtrend, we will wait for it...
Overall is a downtrend based on weekly chart. Hence, we will wait for the price to hit the demand zone and we will short till the next zone.
Wait for a clear indication before take action