So this is my current evaluation. Already after Powell's announcement of the rate cuts, it felt like a reversal to me. Now looking at the chart on the weekly basis we have every indication that a reversal is taking place. When you look to the left of the chart you see a lot of wicking, liquidity coiling up over the past 14 weeks. Price is held in a rather tight range compared to the timeline. Bodies closing inside the range, only the wicks of the candles are stinging out This week´s candle differs. It is the first true displacement — a full-bodied...
Since you're primarily focused on bearish trades, keep an eye on how this weekly shift translates to the Daily and H4 charts. Look for sustained bearish market structure breaks (Lower Highs and Lower Lows) on those timeframes to confirm your entry points. The weekly chart gives the direction, the lower charts give the timing.
Looking for profitable short term trades ...|
