The imbalance has been filled, but price has not broken it yet.
Current situation is clear:
Key scenarios:
Until one of these scenarios plays out, the best action is simply to wait for confirmation.
Bias remains cautious.
Current situation is clear:
- No strong directional move has been confirmed
- Lower highs were the better short entries
- Now we wait for the next reaction
Key scenarios:
- Break of the imbalance → opens the door for more downside / additional shorts
- Hold of the imbalance → possible relief bounce
Until one of these scenarios plays out, the best action is simply to wait for confirmation.
Bias remains cautious.
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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.
Disclaimer
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.
