The monthly time frame price has tested a strong resistance level after the breakout
Weekly time sellers are accumulated at the top ready to push the price down
Daily time frame there are series of price rejections at the top. price may test the resistance to form potential Head & Shoulder
Trading Plan;
1. Wait for price to test the daily resistance level
2. Switch to intraday time frame
3. Look for a reversal pattern
4. Then go short
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and neither should you
Colour Code
Green=Monthly Structural Level
Orange=Weekly Structural Level
Violet=Daily Structural Level
Weekly time sellers are accumulated at the top ready to push the price down
Daily time frame there are series of price rejections at the top. price may test the resistance to form potential Head & Shoulder
Trading Plan;
1. Wait for price to test the daily resistance level
2. Switch to intraday time frame
3. Look for a reversal pattern
4. Then go short
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and neither should you
Colour Code
Green=Monthly Structural Level
Orange=Weekly Structural Level
Violet=Daily Structural Level