OK ladies and gentlemen. The moment that we have all been waiting for.... Shorting the stock market.
We can clearly see we are reproaching the old range low of the daily range before the confirmation of the bearish trend occurred last month. We should expect that to provide resistance for price and thus a short term short opportunity will be in play. However, I would only be taking that to the untested level and HTF order block before continuation to the monthly breaker and EQ of the old range occurs. There I would be entering short for a long term HTF swing and expecting us to trade away from that zone after that level were to be hit.
Hope this helps and see you all in the discord as per usual.
We can clearly see we are reproaching the old range low of the daily range before the confirmation of the bearish trend occurred last month. We should expect that to provide resistance for price and thus a short term short opportunity will be in play. However, I would only be taking that to the untested level and HTF order block before continuation to the monthly breaker and EQ of the old range occurs. There I would be entering short for a long term HTF swing and expecting us to trade away from that zone after that level were to be hit.
Hope this helps and see you all in the discord as per usual.