Personally I believe the respect from this supply is suspicious.
I get the sense that this is a sell lure for a trap.
The reason for this is because of the basic smart money mitigation and the lack of interest from the key psychological number.
I get the impression that price will not hold this supply and for that reason I will be considering a buy position to pierce the zone.
If I don't see rejection or valid criteria to enter a buy, no trade will be taken.
I am happy to be wrong.
I get the sense that this is a sell lure for a trap.
The reason for this is because of the basic smart money mitigation and the lack of interest from the key psychological number.
I get the impression that price will not hold this supply and for that reason I will be considering a buy position to pierce the zone.
If I don't see rejection or valid criteria to enter a buy, no trade will be taken.
I am happy to be wrong.
Comment:
I was wrong, happy to admit it unlike others on here.
