I SAW MARKET STUCTURE TURN BEARISH AFTER THE 4H BULLISH TRENDLINE WAS BROKEN, I PATIENTLY WAITED FOR NEW LOWER HIGHS TO ENTER ON A FIB LEVEL. AT THE FIB LEVEL I SAW THE MARKET DOUBLE TOP ON THE 1H AND EMA'S SQUEEZING SIGNIFYING A CHANGE IN DIRECTION. I KNOW THIS MARKET IS OVERALL BEARISH CAUSE ITS MAKING ITS WAY FROM THE MONTHLY LEVEL TO THE NEXT. I ALSO TOOK THIS TRADE BECAUSE IT BROKE THROUGH A DAILY LEVEL AND IS NOW RETESTING IT FOR NEW FOUND RESISTANCE.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.