WK Supply drawn in a previous post was triggered for a short and played out perfectly.
Price is now printing all time lows, down trends on the 3M/MN and WK time frames.
New supply zones forming on all of the higher time frames. At this point I won't be taking any more shorts unless there are very obvious supply zones. I am very cautious when it comes to shorts at all time lows!
There is nothing on any chart that would make me think about going long.