DislikedQuick update:
When price did eventually reach the ppz, it did what one would have expected it to do. Act as resistance. Did not take this trade myself btw, since I was asleep at the time. On the M30 chart, which is the timeframe I used before to show the setup, there was a pin that first signalled a reversal. Had you placed your stop above this candle, you would have had a few hairy moments, as the next candle did trigger your short, but came back up. Fortunately, your position would not have been taken out, but it did come close. Had you missed...Ignored
Well said Boy.
This can be applied to any time frame. The higher the better.
Great bars at great locations. The PA could have be bolder but not bad.
Great post.
Jim
Indicators show the past. Price Action "Indicates" the future.