Bearish Arguments
1. At EVRT it got rejected many times which is also Previous RFSB ( ND+SB) which is acting strong Resistance.
2. Bull trap + SLKT on a 4H timeframe towards the ND+SB
3. Supply entered and ND signs.
4. SFDB is showing no strength to hold the supply. High chances of SFDB failing. An SLKB might give bullish impulse but how strong we have to wait for it.
Target is marked.
Abbreviations;
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov-
1. At EVRT it got rejected many times which is also Previous RFSB ( ND+SB) which is acting strong Resistance.
2. Bull trap + SLKT on a 4H timeframe towards the ND+SB
3. Supply entered and ND signs.
4. SFDB is showing no strength to hold the supply. High chances of SFDB failing. An SLKB might give bullish impulse but how strong we have to wait for it.
Target is marked.
Abbreviations;
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov-
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Disclaimer
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.