1. HH is broken, creating a new HH (BOS)
2. HL couldn't hold the uptrend, creating a new LL (CHoCH)
3. The price will now test the 4H OB and supposed to bounce back from the OB.
4. This creates a good Short opportunity from the 4H OB.
2. HL couldn't hold the uptrend, creating a new LL (CHoCH)
3. The price will now test the 4H OB and supposed to bounce back from the OB.
4. This creates a good Short opportunity from the 4H OB.
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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.