There is still strength to the downside, though price is at current supply and demand zone, price is showing some weakness in that area as the bearish momentum is slowing down, but the current bulls that are jumping in, there is not much strength from them. We have also formed a sideways direction at demand level, so I am expecting to see some bearish strength towards the support of this sideways move and a break below demand, increasing more supply. My entry will be upon retest of that break of S&D, should it allow such an opportunity.
Trade active:
Trade is playing out just as analyzed!
Comment:
Retest was performed on the M15 Time-frame.