GU Comment
WEEK: Engulfing, bearish.
DAY: Looks like a sell off after previous days of market makers hiking the price (while accumulating short orders?).
H1: Might be a repeat of the DAY chart scenario where after some TFs of hiking the price, there will be another sell off.
Based on this, I am looking for a short entry, either Classic Sonic R., or a Scout. I am looking for price to retrace further upwards, between the PVT and the half number, but it could go to the RDH area. It all depends on how aggressively accumulating short orders the market makers are going to be.
Just my take,
-tah
WEEK: Engulfing, bearish.
DAY: Looks like a sell off after previous days of market makers hiking the price (while accumulating short orders?).
H1: Might be a repeat of the DAY chart scenario where after some TFs of hiking the price, there will be another sell off.
Based on this, I am looking for a short entry, either Classic Sonic R., or a Scout. I am looking for price to retrace further upwards, between the PVT and the half number, but it could go to the RDH area. It all depends on how aggressively accumulating short orders the market makers are going to be.
Just my take,
-tah