Anticipating a break of the previously formed low which will confirm the bearish movement according to dow theory. Will start looking for short term buys at the Cp level/ demand keeping in mind the possibility of the market to keep dropping due to the diagonal liquidity, the buys are likely to go in to the previously formed supply, therefore forming and completing...
in the monthly tf, price is in the second and final impulsive leg( the C D leg of the trend) of the of the trend. within the third leg that is showing on the weekly/ monthly tf, there's a visible trend, and the price is in the pull back phase of the trend. the supply zone that i marked is valid because of this, even though is located below a zone filled with...
anticipating buys at the retest of the previous demand zone, this will be in line with long term buys. f the price breaks the previous support , will anticipate short term buys @0.70029
