Checking the Weekly timeframe the Bulls seem to be exhausted after the price filled a price imbalance up to 90% and respected a Bearish Orderblock which is also a quarterly high.
On the 4hr timeframe, the price has begun by going lower which I believe is the Judas swing. The equal lows of Friday have been taken out.
I'm anticipating that the price will now go up to the equal highs which will be taken out so that the market can give us a second chance to enter short.
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On the 4hr timeframe, the price has begun by going lower which I believe is the Judas swing. The equal lows of Friday have been taken out.
I'm anticipating that the price will now go up to the equal highs which will be taken out so that the market can give us a second chance to enter short.
Like and Subscribe.
Comment:
The equal highs have been retested. The strategy has been confirmed. Sell entry confirmed