Price is now clearly reacting off the 4H supply from the left. There is a chance that price will continue lower from here without coming back for further liquidation of BSL. However, if there is sign showing demand is holding and taken back control, we may expect price to run this IRL before continuing bearish.
Atm, default bias is still short, although we anticipate a LQD to the IRL from the left BUT don't try to Long the up move unless there is a crystal clear evidence confirming the bullish intention in MTF. Else, wait for short.
Atm, default bias is still short, although we anticipate a LQD to the IRL from the left BUT don't try to Long the up move unless there is a crystal clear evidence confirming the bullish intention in MTF. Else, wait for short.