This is a countertrend trade so not considered a high probability trade, however there are a few factors pointing to a bullish bias at least in short term:
- bullish harmonic shark pattern
- test of strong demand zone
- trend line support test
- fibonacci cluster with an extension and projection in the demand zone
Looking for price to push up to the next fresh supply level, which is a 3:1 reward: risk setup with risk below the demand zone.
- bullish harmonic shark pattern
- test of strong demand zone
- trend line support test
- fibonacci cluster with an extension and projection in the demand zone
Looking for price to push up to the next fresh supply level, which is a 3:1 reward: risk setup with risk below the demand zone.