Just recently hopped into a short trade on inj.
Targeting 11.2 area.
The weekly candle currently is printing a bearish engulf with big top wick rejection and there is quite a lot of volume behind it.
30 min structure flipped back bullish at 4hr HH point. The very least I anticipate a new 4hr lower low confirmation around 11.78 - 4hr candle needs to close below that price to confirm the new LL. Am anticipating a more aggressive flush though, maybe within last 2hrs of the day.
THe analysis is done. All that is needed to do is nothing. Except monitor tp areas for potential early closure.
Targeting 11.2 area.
The weekly candle currently is printing a bearish engulf with big top wick rejection and there is quite a lot of volume behind it.
30 min structure flipped back bullish at 4hr HH point. The very least I anticipate a new 4hr lower low confirmation around 11.78 - 4hr candle needs to close below that price to confirm the new LL. Am anticipating a more aggressive flush though, maybe within last 2hrs of the day.
THe analysis is done. All that is needed to do is nothing. Except monitor tp areas for potential early closure.
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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.