- price had a nice reaction off of 4H demand. It tagged it and had a very fast rally away from it. - then it reclaimed monthly open which acted as a major support zone before and should have acted as resistance on the way back up - the failure of this support-resistance-flip in itself can be a strong entry trigger - long target will be the first trouble area in...
Price is at the top of a daily range and inside a daily supply zone. Zooming in on the 4H we can see range boundaries being respected and acting as support/resistance. Price briefly closed above the range high, but got violently rejected and is now trading back inside the range. This gives us an excellent, risk-defined short setup. - short entry at around range...
Looking for a short if: 1) price touches the 4H supply zone that led to MSB 2) breakdown of daily open at 9170 That would give me a risk-defined short setup with a target at untested demand below.