The criteria to fulfill
1. Clean and strong sell breach ✅
2. Weak buyers pullback with sellers holding them back ✅
3. A pullback to the sell breach line and seller guy responsible area ✅
4. Mini buyer territory formed with illusion spot ✅
5. Big boy seller showed himself with an opposite V-formation (Pending)
6. Weak test (pullback) towards the previous support turned current resistant (Pending)
As soon as all criteria have been fulfilled like how I've drawn out, the sell can happen. This sell setup is excellent as it gives a super slow and deep buyers pullback. It's safe to go ahead for a sell with Stop-Loss placed slightly above the recent high, and Take-Profit placed slightly above the recent low with a RR of 2.00.
1. Clean and strong sell breach ✅
2. Weak buyers pullback with sellers holding them back ✅
3. A pullback to the sell breach line and seller guy responsible area ✅
4. Mini buyer territory formed with illusion spot ✅
5. Big boy seller showed himself with an opposite V-formation (Pending)
6. Weak test (pullback) towards the previous support turned current resistant (Pending)
As soon as all criteria have been fulfilled like how I've drawn out, the sell can happen. This sell setup is excellent as it gives a super slow and deep buyers pullback. It's safe to go ahead for a sell with Stop-Loss placed slightly above the recent high, and Take-Profit placed slightly above the recent low with a RR of 2.00.