1. Candle sticks shows strong rejection from structure in previous 2 days. Sellers are definitely still in that structure.
2. 2nd last bar has Close at a lower price compared to the 3rd last bar previous low.
*If we can see the structure break further down next week, we can add more short position in this higher probability trade.
*See my other chart for 4hr analysis.
2. 2nd last bar has Close at a lower price compared to the 3rd last bar previous low.
*If we can see the structure break further down next week, we can add more short position in this higher probability trade.
*See my other chart for 4hr analysis.
Comment:
Comment:
structure broken. hold the short