Disliked{quote} Dear Toby, Thank you for reply. But I do not understand. I see that DZ 2 removed SZ 1, SZ 3 removed DZ 2 and broke the TL. After breaking TL the price fell significantly. Why do you assess this daily SZ as weak one? {image}Ignored
- There's too much activity before the Monthly supply zone that you've drawn.. i.e its too messy.
- The time it spent(6 days) just beneath the Daily SZ. This will prove to be a hindrance for price to fall.
Also, in your first post of this trade.. the momentum trendline was incorrectly drawn(Daily TF).
In the second chart it was correct & the Daily SZ that is standing is correctly placed/drawn.
I digged lower into the H4 & got this
That minor demand has taken out a minor supply area above (thus proving to be a hindrance)
Plus the you dont even have a 2:1 to play with. So I'd recommend to take a retracement trade once the 'minor demand' has been taken out.