Main items we can see on the 4hs chart:
a)The Price was rejected from a major
b)Currently, we can see the price on the lower of the
c)If you are thinking about trading short scenarios, we will wait for a corrective structure in the current area.
d)The corrective structure must be an or an ABCDE Pattern (Triangle/Zig-Zag/Flat/Irregular)
e)If that happens we will set short orders as shown on the chart
Remember we are not discarding a long scenario here (a bounce on the ) we are just explaining what would be an optimal scenario for short trades.
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