Here we can see that we are in a consolidation zone trading in a Bullish channel.
We have a Liquidity Trend Acting as a support zone for price. We are currently waiting for a breakout trade here and actively looking to possibly sell from this active supply zone if we pull into it. I do belive we may sell off sooner but time will tell.
Confluences are a failed Demand zone
Bearish Breakout Trend
Engulfing Bearish Candle theory
Good luck to any traders that may decide to follow. I have 3 Target levels marked out so feel free to follow along and use these levels
We have a Liquidity Trend Acting as a support zone for price. We are currently waiting for a breakout trade here and actively looking to possibly sell from this active supply zone if we pull into it. I do belive we may sell off sooner but time will tell.
Confluences are a failed Demand zone
Bearish Breakout Trend
Engulfing Bearish Candle theory
Good luck to any traders that may decide to follow. I have 3 Target levels marked out so feel free to follow along and use these levels
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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.
Related publications
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.