Currently, there is a battle between Buyers in Minor Demand Zone and Sellers in Major Supply Zone. It is advisable to wait and watch who among them are going to WIN over the other and only then assume Market Entry. Note: This analysis is for educational purpose only. Trade at your own Risk.
Price Vector 2-3 in Major Flow dimension and Price Vector 2.1 – 3, both display exhaustion at Pivot 3. The High at Pivot 1 is therefore manipulated creating a minor downward price vector from 3 to 4. Price Vector 4-5 is another drive by Market Makers to collect the sell stop orders by intelligent Short Sellers at Pivot 3. Price also displays a bearish reversal...