Due to the change in structure, CH and bearish iBOS, WOO now has a bearish structure.
But this is not a suitable place for a sell/short position. We have marked the range where there are significant sell orders on the chart.
If the price pulls back towards this supply, we will look for sell/short positions
We have specified the targets on the chart
For risk...
#woo is rejected from red trendline. It will go down and hit green trendline. If price goes above the red trendline then Bearish Scenario will be invalid.
After creating:
1. The 50-SMA crossed the 100-SMA
2. The price reached the 50-SMA and returned
A strong and rapid potential for upward movement is created.
Wait for the right time to enter a long trade.
we can call it The Setup
✅ ✅ Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart...
Note: the bigger trend is still bullish, trade scalpily
Hello, dear traders. how are you ? Today we have a setup to SELL/Short the WOO symbol.
For risk management, please don't forget stop loss and capital management
