Reacted BEARISH off of PREMIUM with hard displacement.
Now looking BEARISH at DISCOUNT zones.
3W candle closed below a Bisi 3W, but reacted off of lower Bisi 3W. Based on this timeframe, I want to see if price wants to move towards the higher disrespected Bisi 3W and then react bearish. That disrespected Bisi 3W is almost a 1M Bisi. It would make the most sense that if price were bearish is for it to come to a PREMIUM zone for that swing range into the Bisi 1M (BPR) before heading lower.
The bias is not concreate at the moment, so be wary of any change in narrative during high-impact news drivers and the general structure on lower timeframes.
Lower timeframe may present long opportunities to this shorting POI, but price may create a Sibi first.
- R2F
Now looking BEARISH at DISCOUNT zones.
3W candle closed below a Bisi 3W, but reacted off of lower Bisi 3W. Based on this timeframe, I want to see if price wants to move towards the higher disrespected Bisi 3W and then react bearish. That disrespected Bisi 3W is almost a 1M Bisi. It would make the most sense that if price were bearish is for it to come to a PREMIUM zone for that swing range into the Bisi 1M (BPR) before heading lower.
The bias is not concreate at the moment, so be wary of any change in narrative during high-impact news drivers and the general structure on lower timeframes.
Lower timeframe may present long opportunities to this shorting POI, but price may create a Sibi first.
- R2F
R2F