1) Daily Market structure is bearish 2) 4HR Retesting previous Demand as new Supply 3) 1HR Bearish engulfing candle stick pattern at the new resistance 4) 1HR Break and retest of support as new resistance showing evidence of potential continuation lower
Note
WAIT FOR BREAK AND CLOSE BELOW 30 MIN DEMAND ZONE BEFORE EXECUTING SHORT POSITION
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.