MONTHLY
Price is sitting at a Monthly high zone.
Very very strong Supply & Demand zone as you see, acting as resistance.
We did not break this level since February 2016.
Also nice -68 Fib completion which means a lot on the Monthly.
We are definitely interested in a Short set-up.
Price is sitting at a Monthly high zone.
Very very strong Supply & Demand zone as you see, acting as resistance.
We did not break this level since February 2016.
Also nice -68 Fib completion which means a lot on the Monthly.
We are definitely interested in a Short set-up.
Note
DAILYStill making HHs and HLs on the Daily chart.
We are in an Ascending channel at the moment.
We want to break out first before considering a Short set-up.
ALWAYS STAY NEUTRAL AND ANTICIPATE ON THE SITUATION.
Note
4HI do expect a reversal pattern in the form of a Head & Shoulders on the 4H chart.
We want to break the last Daily HL & ascending trend line first.
Clear Supply and Demand zone at the region of interest.
We want to approach our zone of interest with corrective nature.
If it's approaching impulsive, we want 12H of deceleration.
No deceleration = No trade for me.
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.
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.