Hey traders, I am hoping to see price follow one of these two paths today or tomorrow..
After a super bearish week last week and yesterdays candle closing pretty indecisive I do believe price is indicating it will be continue to move down into at a minimum 32640 (last weeks low) and possibly even reach 32500 (Decembers low) sometime this week and I believe it will possibly begin doing so today/tomorrow. So should price strongly reject 33100-33250 area I will be looking to enter in short down into the areas previously mentioned.
Most preferably I'd like to see yesterday highs be liquidated first, that will entice me to risk more then if price just simply rejects the 33100 area as the more liquidity the makers have the more likely it is that price will reach my targets before coming back up to fill the massive imbalances that were left during last weeks run above my shorting POI.
So let's wait and see what happens during ny session, I'll keep youse updated.
After a super bearish week last week and yesterdays candle closing pretty indecisive I do believe price is indicating it will be continue to move down into at a minimum 32640 (last weeks low) and possibly even reach 32500 (Decembers low) sometime this week and I believe it will possibly begin doing so today/tomorrow. So should price strongly reject 33100-33250 area I will be looking to enter in short down into the areas previously mentioned.
Most preferably I'd like to see yesterday highs be liquidated first, that will entice me to risk more then if price just simply rejects the 33100 area as the more liquidity the makers have the more likely it is that price will reach my targets before coming back up to fill the massive imbalances that were left during last weeks run above my shorting POI.
So let's wait and see what happens during ny session, I'll keep youse updated.
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.
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.