Hi,
thanks for comments and analysis of my setup. You are right, it was right below a strong weekly supply level and it was the 3rd touch. I saw the big candle right there and i didn't got attention to that little BIG details
thanks for comments and analysis of my setup. You are right, it was right below a strong weekly supply level and it was the 3rd touch. I saw the big candle right there and i didn't got attention to that little BIG details
DislikedHi Lubinho,
It's surprising to me that this so vertical level has not hold. It looks a great place to have at least a small retrace. I've been investigating, and I attach you my hindsighted interpretation of what could be the reasons.
If we look at the weekly chart, we see we are in a supply level, that could make us aware of a trend direction change.
Attachment
In the 30m chart we see a confirmation of the trend change and a rejection from the weekly supply because we have done a lower high and a lower low. Also we could...Ignored