1. At EVRT it got rejected many times which is also Previous RFSB ( ND+SB) which is acting strong Resistance. 2. Bull trap + SLKT on a 4H timeframe towards the ND+SB 3. Supply entered and ND signs. 4. SFDB is showing no strength to hold the supply. High chances of SFDB failing. An SLKB might give bullish impulse but how strong we have to wait for it.
Target is marked.
Abbreviations;
NS= No supply DW= Demand Wave RFSB= Resistance from Supply Bar SFDB support from Demand Bar SLK= Stop Loss killer SLKB= Stop Loss Killer Bottom DB= Demand Bar EVRB= effort vs Result Bottom
My Mentors and Inspiration Volume Analysis - Oleg Alexandrov Money and risk Management - Dmitriy Lavrov-