I anticipate upside and reversal later.
The new high is possible but less likely that upside retracement. Once the price gets into the target for upside retracement I will start to look for signs of reversal to the downside.
The new high is possible but less likely that upside retracement. Once the price gets into the target for upside retracement I will start to look for signs of reversal to the downside.
Note
Strong bearish bias. I anticipate one more small buy side raid => reverse down to new low. That is close to the 4pm => can be acceleration downside.Trade closed: target reached
THe new low is in place.
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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.