Wait for an up bar in the red zone "Supply Level" with a narrow spread and volume lower than the previous two bars , this indicates SIGN OF WEAKNESS "SOS" in a rising market which is a sell signal
Also a high volume bar closing near the middle within that red zone may indicate a professional selling
You can look for SOS by switching to lower time frames such as 15 min .
Also a high volume bar closing near the middle within that red zone may indicate a professional selling
You can look for SOS by switching to lower time frames such as 15 min .
Kommentera:
still waiting ... sell the breakout after retest
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