Right now the Bulls are trying to catch a bounce off the 1H internal demand zone.
But there is a problem.
There is still a 1H order block sitting inside that demand zone that has not been mitigated. It is just sitting there, untouched, like unfinished business.
On top of that, we also have internal supply above price that the Bears left behind. That means even if the Bulls bounce, they are not running through clean air.
Now here is the play.
If the Bulls push up into that first Supply Range before they mitigate the 1H Order Block inside Demand, I am looking for a short in that Supply Range, or possibly the next one. The target would be back down into that 1H Order Block sitting in demand.
And when we get there I’ll start watching for a long.
I would keep a small bag still running from the short, just in case the Bears decide they want to take out the Local VAL and push this down to the Current Range Low.
Now flip it.
If the Bulls cannot reach supply first, then I am looking to long directly from that 1H Order Block sitting in demand and take it up into supply. And yes, I would leave a little moon bag on, just in case the Bulls decide they want the range high.
A little vice versa there. Adapt and react.
Because in the Jungle, it is not about being right. It is about being positioned.
But there is a problem.
There is still a 1H order block sitting inside that demand zone that has not been mitigated. It is just sitting there, untouched, like unfinished business.
On top of that, we also have internal supply above price that the Bears left behind. That means even if the Bulls bounce, they are not running through clean air.
Now here is the play.
If the Bulls push up into that first Supply Range before they mitigate the 1H Order Block inside Demand, I am looking for a short in that Supply Range, or possibly the next one. The target would be back down into that 1H Order Block sitting in demand.
And when we get there I’ll start watching for a long.
I would keep a small bag still running from the short, just in case the Bears decide they want to take out the Local VAL and push this down to the Current Range Low.
Now flip it.
If the Bulls cannot reach supply first, then I am looking to long directly from that 1H Order Block sitting in demand and take it up into supply. And yes, I would leave a little moon bag on, just in case the Bulls decide they want the range high.
A little vice versa there. Adapt and react.
Because in the Jungle, it is not about being right. It is about being positioned.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Red Elephant
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Need More TA? The Elephant Jungle: redelephant818.substack.com/?utm_campaign=profile_chips
Trade On KCEX Lowest Fees: kcex.com/register?inviteCode=TV04VP
Follow On X (Twitter): x.com/RedElephant818
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.