Market is about to test daily supply zone, where we can expect a strong reaction from sellers, also on the 1D TF we can see how price has formed a nice W formation in which we expect the market to complete the pattern at the neckline. Waiting on lower TFs for a potential pump above the highs to induce buyers, here is where we will look for a possible entry to short to the neckline ONLY IF entry rules are met.
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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.