This is likely to occur as price has return to 4hr OB. It's likely to continue the sell off seen on Friday close of sick market. Wycoff break identified in 4hr and after the break of the support in the 4hr price return to our Area of Interest, which is the 4hr OB. As such, I dived down to a lower tf to identify another Wycoff with the 4hr OB that might indicate price wants to sell. I've identified a potential spring in the schematic so at this point the goal is to sell down a little past the last wick.
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.