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NarcotikT

Market Maker Sell Model for the Week.

Short
Ethereum (BINANCE:ETHUSD)  
NarcotikT Updated   
BINANCE:ETHUSD   Ethereum
Trend Analysis Chart Patterns Fundamental Analysis ictconcepts marketmakermodel mmxm liquidity economiccalendar Contains image
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trendanalysis chartpattern fundamental ictconcepts marketmakermodel mmxm liquidity economiccalendar containsimage
The idea is based on ETH1! from the CME Futures chart. I expect to see a big expansion downside on Wednesday and take sell stops on Thursday. I don't want to see the price retracing to NWOG 12-11 (see ETH1!).
Comment:
The price has retraced to the NWOG, just above Thursday's London stops. I'll continue holding onto the bearish idea as long as the price doesn't retrace again to the NWOG.
If you enjoy studying market maker models, you can take a look at the price action from yesterday and today on the intraday charts.
Comment:
Hello everyone! Although the model is from last week, I'm still actively looking for shorts on lower timeframes. I would really like to see a strong drop below the weekend sell stops. On the other hand, if the price closes above 2038 on the 4-hour chart, I would consider the original idea finished, and my focus would be on the highs of 2090, 2120, 2136 respectively.
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