Seem to be a lot of sellers in this blue structure zone .
In this analysis we had an impulsive move down with the succession of strong red candles followed by a small correction into the blue structure zone to close out last weeks session.
Todays gap down closed in a matter of hours and price took us back into this level and formed two pin bars where I took a short entry hoping for another impulsive move to the downside.
Trade is doing pretty decent so far, I am looking for a break of this red to the downside.
P.S. is something I have just begun to incorporate into my studies so disregard my wave counts on the chart. Any tips on WT are welcome (: