Price has broken the Descending Channel, and the OB it had entered. Now, price is deep in the D1 Supply Zone, which also has a 4H Bearish OB embedded. This OB is untested. I expect price to fall from this supply.
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Price has broken through the D1 Supply Zone. Very bullish market.
Therefore, my short setup is invalid. No shorts should be taken at this time.
Price is likely to head to the highest point of the Descending Channel around 36600.00.
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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.