Short idea
Zones are color coded according to the timeframe from which they were annotated. I'm seeing rejections/resistance to the daily zone, which led to a break in upward trend. I would also call it a period of consolidation rather than a triple top with a downward breakout from the consolidation. Next phase I expect some expansion type of movement with a retest, I see an orderblock area of interest for the retest. So my thought process is since price failed to stay above the weekly zone which could be seen as a supply area than it will fall and retest an area near the last weekly support. So my bias is short based on the break of trend and the consolidation/rejection of the daily. I'm look to see which direction price action indicates the trend will be but I'm seeing short trend opportunities beginning to form.
Penafian
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