As the price right now retested at the same level of the previous resistant creating a 2nd retest.
This mean double top trader will sell on that level HUGE money there. Just above it there was a fresh supply I marked on that zone.
I call it SL hunting, price will take it first before continue down to the freah demand zone i marked.
If that above fail, price will continue to the green line zone for another short opportunity.
Always trade at your own risk. Put stoploss, we do bot know future.
This mean double top trader will sell on that level HUGE money there. Just above it there was a fresh supply I marked on that zone.
I call it SL hunting, price will take it first before continue down to the freah demand zone i marked.
If that above fail, price will continue to the green line zone for another short opportunity.
Always trade at your own risk. Put stoploss, we do bot know future.
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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.