Team,
We are not buying now.
Price is still trading below major descending resistance (R).
As long as we are below R, the structure remains under pressure.
✅ What We Are Waiting For
We only buy if:
Price breaks above the descending resistance (R)
A candle closes clearly above it
We see strength (no immediate rejection wick)
Ideally: a small pullback that holds above R
No breakout = no trade.
🟢 Entry Plan (After Confirmation)
Once price:
Breaks above R
Retests and holds
We are not buying now.
Price is still trading below major descending resistance (R).
As long as we are below R, the structure remains under pressure.
✅ What We Are Waiting For
We only buy if:
Price breaks above the descending resistance (R)
A candle closes clearly above it
We see strength (no immediate rejection wick)
Ideally: a small pullback that holds above R
No breakout = no trade.
🟢 Entry Plan (After Confirmation)
Once price:
Breaks above R
Retests and holds
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.
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.