Trading at key support level. Watch for a bounce and pull back to the inverse fair value gap for long entry. Consecutive closing below support- close position!
PS- Not financial advice. Do your own due diligence.
PS- Not financial advice. Do your own due diligence.
Comment:
Consolidation below the long term support, while that typically tends to suggest accumulation to short position with distribution to the inefficiency (FVG) down below- I don't think that materialize unless Macroeconomics gets considerably worse. However I no longer hold the long bias. This is out of my swing watchlist.