Hey!
Wait for a rejection from the strong area - red dotted horizontal line - and from the black trendline.
On the Weekly timeframe, we have still valid Evening Star and the pressure looks more downwards.
Short-term lower lows and lower highs will confirm that down "pressure"
Do not forget to support my idea post by hitting the "LIKE button!
Thank You!
Have a nice day,
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Wait for a rejection from the strong area - red dotted horizontal line - and from the black trendline.
On the Weekly timeframe, we have still valid Evening Star and the pressure looks more downwards.
Short-term lower lows and lower highs will confirm that down "pressure"
Do not forget to support my idea post by hitting the "LIKE button!
Thank You!
Have a nice day,
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Comment:
I start to update: this is definitely not a rejection so, currently do not do anything!
Order cancelled:
Didn't got any retracement from the mentioned level and this trade is canceled!
