We finally have a break in structure for Sol, I think looking for the formation of a lower high on the 30 min and 1hr will be a great place to enter a short. I think here we can retest the top of our last order block which is around 45 -45. 8, if a lower high forms around here I think it would be a great entry for a short with a target of 39 and 34.5
what I mean by break in structure: Upward trends are structured with higher lows and Higher highs, downward trends are structured with lower lows and lower highs. A break in structure for an upward trend happens when we start to see the formation of lower highs on shorter timeframes, and those indicate that a new downward trend could be starting.
what I mean by break in structure: Upward trends are structured with higher lows and Higher highs, downward trends are structured with lower lows and lower highs. A break in structure for an upward trend happens when we start to see the formation of lower highs on shorter timeframes, and those indicate that a new downward trend could be starting.