Hello traders,
Price has rallied into a weekly order block and has just swept the previous high (buy-side liquidity). My speculation is that the price will rally to an unmitigated OB which I marked out with the horizontal ray.
For now, I'd be monitoring the 1-hour timeframe for a CHOCH of character to go short.
See my profile for more analysis.
Follow for more updates like this.
Cheers,
Jabari
Price has rallied into a weekly order block and has just swept the previous high (buy-side liquidity). My speculation is that the price will rally to an unmitigated OB which I marked out with the horizontal ray.
For now, I'd be monitoring the 1-hour timeframe for a CHOCH of character to go short.
See my profile for more analysis.
Follow for more updates like this.
Cheers,
Jabari
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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.