W1 --> uptrend. Price in control of Supply zone.
D1 --> uptrend broken. New Supply zone.
Price remove opposing Demand zone on H4 chart also created very good Supply zone at the extreme of that move down which is nested in Weekly and Daily SZ.
Potential short but remmember it is countertrend because Weekly is stll up.
D1 --> uptrend broken. New Supply zone.
Price remove opposing Demand zone on H4 chart also created very good Supply zone at the extreme of that move down which is nested in Weekly and Daily SZ.
Potential short but remmember it is countertrend because Weekly is stll up.
Trade closed: stop reached
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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.