After a BOS, the price is in a downward movement and closed below the inducement OB. In this scenario, I anticipate a short-term upward movement to mitigate liquidity on the 15m, followed by a continuation of the downtrend.
Given the bullish market conditions, this zone is sensitive, and taking a short position absolutely requires confirmation from the 1m time frame.
Given the bullish market conditions, this zone is sensitive, and taking a short position absolutely requires confirmation from the 1m time frame.
Comment:
despite creating a new LL, no liquidity inducement has been established, so i expect uptrend yet and in my opinion analysis is not failed yet