Could be a nice short here. Price action broke a previous structure level (upper dashed line) last hour and has retested that level several times so far this hour (see shorter time frames) without breaking through (yet). Price action could continue to the next level of previous structure (second dashed line), or to complete the cypher pattern shown, or may even continue toward the lower trend line (solid purple) before turning around.
This is not trading advice.
This is not trading advice.
Commentaire:
Hmmm... price action seems to have turned around. Still room to roll back over, but may continue the uptrend from here.