NAS100 1H - You can see here I am looking to take this market short after price has given us a valid break of structure to the downside. As we know this acts as a level of confluence when looking for reversals.
A break in structure signifies a change in trend as we are no longer respecting the laws of bullishness but we are now beginning to respect the laws of bearish structure which is to break the lows and protect the highs.
With us having that as a piece of confluence as well the areas in Supply being respected we have confirmation that Supply is in favour here and the S&D balance has flipped to the downside.
I have gone ahead and marked out two areas of interest I feel price may trade up and into, setting a Lower High within this new bearishness before taking us lower in this market. These could be areas to get involved from.
A break in structure signifies a change in trend as we are no longer respecting the laws of bullishness but we are now beginning to respect the laws of bearish structure which is to break the lows and protect the highs.
With us having that as a piece of confluence as well the areas in Supply being respected we have confirmation that Supply is in favour here and the S&D balance has flipped to the downside.
I have gone ahead and marked out two areas of interest I feel price may trade up and into, setting a Lower High within this new bearishness before taking us lower in this market. These could be areas to get involved from.