1. Based on the weekly chart, the overall market is downtrend.
2. We are waiting for the price to hit the supply zone, as the buying power is very strong. Once the colour change when it hit the zone, we will want to short to the next pivot point.
3. We would like to put our stop loss above the supply zone.
4. If the trend continue downtrend, we will wait for it to hit the demand zone.
2. We are waiting for the price to hit the supply zone, as the buying power is very strong. Once the colour change when it hit the zone, we will want to short to the next pivot point.
3. We would like to put our stop loss above the supply zone.
4. If the trend continue downtrend, we will wait for it to hit the demand zone.