See the Picture for analysis:
Higher timeframe:
-Trend = uptrend
-Price inside the weekly supply
-Price reacting off of resistance
-Shorts valid with confirmation on a lower timeframe
Lower timeframe:
-Originally there was a nice confirmation a couple of weeks ago but
not price has taken the first step up of being in control by breaking
the lows/range and showing HTF supply/resistance to holding.
-Valdi area for shorts on 1TF setup (right chart)
Higher timeframe:
-Trend = uptrend
-Price inside the weekly supply
-Price reacting off of resistance
-Shorts valid with confirmation on a lower timeframe
Lower timeframe:
-Originally there was a nice confirmation a couple of weeks ago but
not price has taken the first step up of being in control by breaking
the lows/range and showing HTF supply/resistance to holding.
-Valdi area for shorts on 1TF setup (right chart)