Sellers did as I intended and broke a Major 4Hr Demand and Caused a 1Hr Change of Character to the downside. #HODLtheSHORT or NAW...?
KEYS TO ENTRY;
1)Sellers broke a Major 4Hr Demand (MOST IMPORTANT)
2)Sellers broke Major 1Hr Structure Causing a 1Hr CHoCh
3)Price broke both though barriers with candle closures below on the 15m, 30m &1Hr timeframes. (VERY IMPORTANT)
4)Price is trading underneath Red V-wap indicating Bearish Behavior (Note Taken)
However Price on the 4Hr is rejecting price around ($2062.00) with heavy support.
So IF price does break this Trend-line which will be a Liquidity Sweep. I suspect it to be a fake breakout move to the upside trapping buyers, Mitigating this (30m Supply) and then continuing the move downward!
Just my opinion...
Shalom+
#BHM500K
KEYS TO ENTRY;
1)Sellers broke a Major 4Hr Demand (MOST IMPORTANT)
2)Sellers broke Major 1Hr Structure Causing a 1Hr CHoCh
3)Price broke both though barriers with candle closures below on the 15m, 30m &1Hr timeframes. (VERY IMPORTANT)
4)Price is trading underneath Red V-wap indicating Bearish Behavior (Note Taken)
However Price on the 4Hr is rejecting price around ($2062.00) with heavy support.
So IF price does break this Trend-line which will be a Liquidity Sweep. I suspect it to be a fake breakout move to the upside trapping buyers, Mitigating this (30m Supply) and then continuing the move downward!
Just my opinion...
Shalom+
#BHM500K