Price is extremely bearish breaking every support but today it may reject from this stronger support zone, it's been respected many times.
Idea is to look for either absorption or aggression at this HTF support zone, most probably consolidation than strong absorption or aggression, For LONG I will enter after absorption at support and price going above VWAP, For SHORTS looking for huge selling pressure (Huge volume with negative delta) at Support and then after a little retracement price breaks the low, price below VWAP too.
Idea is to look for either absorption or aggression at this HTF support zone, most probably consolidation than strong absorption or aggression, For LONG I will enter after absorption at support and price going above VWAP, For SHORTS looking for huge selling pressure (Huge volume with negative delta) at Support and then after a little retracement price breaks the low, price below VWAP too.
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.
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.