Can the HOUSE be skilled and catch this Counter Trend SHORT...?CME_MINI:NQ1!
“Never give up, never give in, and when the upper hand is ours, may we have the ability to handle the win with the dignity that we absorbed the loss.” -Doug Williams
As I've been studying PA on the Daily TF, it seems as if we have finally hit exhaustion in the market for buyers as their job may have been complete. I was lookin at a Potential SHORT that the HOUSE may be able to capitalize on... Here's what I would like to see in PA in order to enter SHORT...
1) As 1Hr Demand Zones build up & Supply Fails, The first level of demand I need to see fail is pricing around ($18678.00) which would indicate the first sign that sellers may be present and could be ready to start the Market Correction...
2) Once we get the first 1Hr Demand Failure and we get confirmed candle closures underneath pricing ($18678.00), I want to see sellers push price down towards Daily Support Level ($18623.00)...
3) This is a very important Key.....Once we get to the Daily Support Level ($18623.00) There is a huge 1Hr indecision candle rii underneath that level that I want to see sellers push price deep into and have confirmed candle closures inside the 1Hr Candle and underneath Daily Support Level...
****I need to see sellers present with confirmed candle closures under the Daily Support Level on the 30m TF and below in order for to me place my limit...
4) If and when we can get the sequence of events to take place in PA then I will be compelled to go SHORT playing the retest of Daily Support Level pricing around ($18623.00) & targeting the resting SSL below / 1Hr demand zone EQ pricing around ($18490.50) roughly around 530 pts in our favor!!
5) This is a counter trend SHORT so we need to be very skilled in our approach... Lets stay focused!! *** Almost forgot Price needs to be trading underneath the RED V-WAP in order for me to enter SHORT as-well as a last min. cherry on top confirmation!!
Remember when it comes to FRM (Financial Risk Management) our job is to manage the downside costs of printing High side returns of $$$ consistently... Let's Step!!
Stay Focused & Reach Excellence!!
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