We recently took out an all time high on the monthly timeframe at 16790 and after that sweep we saw a break in structure. We have a Reclaimed Order Block and an internal sweep at close proximity in the last rising wedge. We looking to sell into the Daily Order Block which has a low probability of holding. More updates to follow.
Note
Our Reclaimed OB failed to hold price below 16659.00 level, collapsed the trade altogether.
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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.