on the Indice trading side we are not selling nor buying right now
We can see the great imbalance from the demand zone - which is weak but we have a strong supply here so we can definitely see great potential for the supply to sell off. Note: only if price shows a rejection and imbalance then we will execute on the daily timeframe.
Using the supply and demand strategy. we can see a great opportunity ahead using double top formation.
The imbalance is key for our trading here and the higher timeframes do not show sells as yet. ofcourse conduct your own top down analysis to buy and sell - different time frames show different scenarios, but we focus on the long term journey here.
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Nice analysis. What should be next target from here. Should we see consolidation at this level or will it take further down after Friday volatile session?
LupaCapital
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@preritairan, Thank you. within the orange zone which price has just tested a drop from, we expect a retracement but the price is showing an indecision action will determine risk-off or risk on - on Monday, can only trade what the market shows us, our bias is short as this is long over due.