Market is repeating the same demand, but supply is fast, so we will follow the supply side for now.
The 4H low has already broken, and supply has done its work. Now we will wait for price to reach our reversal zone and look for confirmation on the 15m–30m timeframe.
If we get a bearish CCP there, we can expect the market to continue down towards the 4H demand zone. Let's see how the market reacts.
The 4H low has already broken, and supply has done its work. Now we will wait for price to reach our reversal zone and look for confirmation on the 15m–30m timeframe.
If we get a bearish CCP there, we can expect the market to continue down towards the 4H demand zone. Let's see how the market reacts.
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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.