Continuous bullish price action will eventually lead to minor retracements where scalpers can profit from.
Many say the trend is your friend but i like to go against that so i am looking @ $2,619 low hanging fruit for a healthy retracement. $2,600 would also be considered healthy in my eyes as market structure will still be in tact.
Many say the trend is your friend but i like to go against that so i am looking @ $2,619 low hanging fruit for a healthy retracement. $2,600 would also be considered healthy in my eyes as market structure will still be in tact.
Nota
On target...We want to see short term lows swept @ $2,622
$2,636 highs is my last line of defence today
Nota
*Updated last line of defence to $2,632 (Throughout the US session today)*So far, so great.
This is the type of price action needed to book lower prices.
We have seen the SIBI (Sellside Imbalance Buyside Inefficiency) rejected on the 5-min timeframe but as 09:30 bell strikes, there could be a possibility for bullish manipulation up into a premium array @ $2,631.98 - $2,632.
Nota
Back in a premium price range.Keeping my eyes peeled!
Nota
Ideal short scenario has passed by.Sitting on my hands, awaiting a bearish shift in market structure on the intraday timeframe
$2,636 would be my next point of study
Nota
$2,636 RejectionBut it's not enough...
I need more confluences.
I will be more interested in shorting once we are below $2,631.98
Nota
Rangebound day throughout yesterday
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.