DETAILS Analysis TF: 4H/1D Focus TF: 1H SL: Just above Bearish Engulfing (0.5ATRC on 1H TF) AOV: Resistance Zone
1D Analysis MC: Sideways - Price bouncing inside Horizontal Support and Resistance
4H Analysis Price struggles to create a new High, forming a Bearish Engulfing (not yet closed - but it is a high momentum candlestick)
1H Analysis ET: Bearish Engulfing - Confirmed Bearish Engulfing occurred on 1H TF. Will scale in if price bounced on Support or on 10EMA, 83/100EMA or 200EMA at 1H TF
Will scale in if price bounced on Support or on 10EMA, 83/100EMA or 200EMA at 1H TF
Note: This post is my personal journal/opinion only. Please trade at your own risk.