At this point I would expect a buyers "trap" around
the area where the TC was activated (Blue arrow),
in this order of ideas if the price is unable to keep
pushing higher I would be looking to take a short
position, off course based on the price action
the area where the TC was activated (Blue arrow),
in this order of ideas if the price is unable to keep
pushing higher I would be looking to take a short
position, off course based on the price action
Note
If during the next week, there is follow through to the upside, then the short scenario would be discarded
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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.