This would signal a potential shorting opportunity. But how can we get involved?
Well moving down to the hourly time frame, price action has put in a , a break and close below structure then a retest of the completing a 2618 trade set up.
This presents a great shorting opportunity with .
If price action is around the same level of Fridays close, the more conservative traders could look to shoot for targets at previous structure offering a 1:1 RR . Those more aggressive traders could shoot for extended targets down at the which lines up in the zone with previous structure or even the which comes right in line with the circled level of indecision structure.
Whatever happens, good luck in the markets and I hope you all have a good week trading.