Cook-B

Cook-B

Confirmations: Weekly trend line respected Counter trend break & retest Strong level of resistance Support brake & retest previous high not broken buyer exhaustion Bearish Engulfing 61.8% retrace

Cook-B

The market politely formed a bullish pennant on the lower time frame while bouncing off of a 23.6 prz. structure forming the right shoulder of an inverted head and shoulder. sma/ema crossing slowly watching for break in strong level or resistance Big news dropping in minutes

Cook-B

Sellers In Control. 38.2% Retrace L.H. Created @ Strong Level of Resistance Along with a H&S Pattern on Lower TF

Cook-B

The Market is still in a valid downtrend after creating a Lower High, while pushing down from a strong level of resistance, a key PRZ, as well as a supply zone. Looking for the market to Pick up paste in downward movement making Lower Lows to continue the current trend.

Cook-B

I think this is a good set up for a short position on NU after the draw back. The trend has just been reset by a lower low, but the draw back will be a lower high.