1. Sell side liquidity has been cleared
2. Equal high and clear resistance level need to be manipulated
3. Trendline broke and retail sellers are in trap
4. Beautiful W pattern
Find some crucial confluence that strengthened the analysis:
1. Equal High
2. Liquidity
3. CPR
4. Fib Golden Ratio
5. Resistance
6. Qualified Supply Zone
7. IPA
8. Uptrend
9. Oversold
10. Bullish Hidden Divergence
Let's see what happened.
I think it's a down trend now because it has not break the previous LH. As it couldn't make new LL it's going up to seduce retail trader with trend-line break and resistance break to buy for liquidity. Searching for short opportunity.
