A quick analysis using CHAMELEON.
Daily is pointing down. CS = -2.5
Hours is looking downwards too - as a MAROON Candle printed.
15M printed an ORANGE PIVOT which if a break and retests follows would be useful as an SHORT ENTRY. The liquidity having been tapped to the UPSIDE and the YELLOW zone no longer active as support.
Using the CHAMELEON ECOSYSTEM - the above took about 3 minutes for me too read.
Entered ahead of the PIVOT BREAK and RETEST. Used the YELLOW DYNAMIC S/R Line as a trigger.
Daily is pointing down. CS = -2.5
Hours is looking downwards too - as a MAROON Candle printed.
15M printed an ORANGE PIVOT which if a break and retests follows would be useful as an SHORT ENTRY. The liquidity having been tapped to the UPSIDE and the YELLOW zone no longer active as support.
Using the CHAMELEON ECOSYSTEM - the above took about 3 minutes for me too read.
Entered ahead of the PIVOT BREAK and RETEST. Used the YELLOW DYNAMIC S/R Line as a trigger.
Comment:
Not a good idea to enter ahead of the indicator signal. However the general idea was solid.
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