If I was already short I would move my 4H stop to this 15m stop on this bearish RCT price structure. I am waiting for this 15m price structure to form before I enter short. If price closes below 125.08 it likely won't run up into the 15m price structure. If it does close below 125.08 I will enter short using the 15m stop level trading into the 4H CURCT.
Note
The 5m bullish RCT failed with a strong move below 125.08. The failure of a lower time frame RCT is a signal for the higher time frame bearish RCT.
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Related publications
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.