Price tested a bearish order block and gave an incomplete wykoff distribution(LPSY remains untested).
Price tapped into the LPSY (sniper entry) and is beginning to sell off.
Price is to sell until it gets to the order block (in blue)
This blue order block mitigated the weekly double bottom formed previously and price would by off from there.
This is a fantastic trade. Zero drawdown.
Follow me for more Institutional Trade Analysis (smartmoneyconcept)
Price tapped into the LPSY (sniper entry) and is beginning to sell off.
Price is to sell until it gets to the order block (in blue)
This blue order block mitigated the weekly double bottom formed previously and price would by off from there.
This is a fantastic trade. Zero drawdown.
Follow me for more Institutional Trade Analysis (smartmoneyconcept)
