We finally have a break in structure for Sol, I think looking for the formation of a lower high on the 30 min and 1hr will be a great place to enter a short. I think here we can retest the top of our last order block which is around 45 -45. 8, if a lower high forms around here I think it would be a great entry for a short with a target of 39 and 34.5
what I mean by break in structure: Upward trends are structured with higher lows and Higher highs, downward trends are structured with lower lows and lower highs. A break in structure for an upward trend happens when we start to see the formation of lower highs on shorter timeframes, and those indicate that a new downward trend could be starting.
Appreciate your idea. Think the next LL will be the bullish ob around 40. May scalp to your LH target. GL on that short entry.
LisaLamla17
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@SellHiBuyLo, Hey again! completely agree with you. Also looking at Btc, it looks like it can turn here at around 22.7 (there's a bearish OB that's become support and the trend line is still. Intact) I think it comes up to form a LH on the 1H. I think the same with sol here. But I'll see if there's a good setup for a short at the LH, Let's see how the US session plays out coz I think the S&P still has a little room upwards and maybe some resistance at 4000? Lol we'll see. Hope you win your scalp!
SellHiBuyLow
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@LisaLamla17, thanks! Scalped four points (40 - 41.7).