On Daily chart , 2 Supply Zones (SZ) were formed above one another. Going deeper to see if there is any supply level to go for an intraday short, came across this 15 min SZ.
Caveat: Prices are retracing from a Demand Zone (DZ) on weekly chart. It can act as an obstacle for this trade demo.
Disclaimer: Ideas published here are for information purposes only and do not advocate any buy or sell recommendations
Trade closed: stop reached:
Trade Stopped at Recapitalization News Event