Possibility | Price action to look for this week
Last week
On Friday last week we had a big rebound off of support.
This week
So until we see an invalidation of the uptrend, I will watch for a short entry.
Structure
Price looking to fill the imbalance above trendline
Possible setup
An overextension to the upside, breaking the trendline to reach the top POC level before reversing back down aggressively; creating a big spring to the downside.
Higher timeframe view
4H :
On Friday last week we had a big rebound off of support.
This week
So until we see an invalidation of the uptrend, I will watch for a short entry.
Structure
Price looking to fill the imbalance above trendline
Possible setup
An overextension to the upside, breaking the trendline to reach the top POC level before reversing back down aggressively; creating a big spring to the downside.
Higher timeframe view
4H :
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.
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.