A COLD CASE OF ANALYSIS PARALYSIS
NEED TO WAIT FOR PRICE TO TELL US WHAT TO DO
1. Head and shoulders formed to depict reversal in trend.
We are now in a downtrend as 2LH and 2 LLs have been formed
2. The question is -
- is it safe to short now and fill up the last area of imbalance ? OR
- is it better to wait until price hits the D leg of potential bearish Cypher being formed, and short to the 38.6%, 61.8% and last major area of imbalance?
NEED TO WAIT FOR PRICE TO TELL US WHAT TO DO
1. Head and shoulders formed to depict reversal in trend.
We are now in a downtrend as 2LH and 2 LLs have been formed
2. The question is -
- is it safe to short now and fill up the last area of imbalance ? OR
- is it better to wait until price hits the D leg of potential bearish Cypher being formed, and short to the 38.6%, 61.8% and last major area of imbalance?