After we had a fail of our higher timeframe supply zone, we we now certain to have shifted from sells to buys. Price the retraced, breaking many major structures in the mid timeframe. This has now presented a short term selling opportunity as price left behind some imbalance to fill in these retracements. Price has currently formed liquidity below are POI which it could use to fuel its move down for a deeper retracement.
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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.