IF the low is in, buyers should defend the green left shoulder level.
a H4 rejection would be a nice long signal
closing below probably means we're going lower
left shoulder = support/resistance that is broken twice, meaning BTC was bought back up after closing below the support due to an absent of buyers (bear trap, kind of)
Its common for big players to let sellers finish their ordeal so they can start buying the next candle at a good price
a H4 rejection would be a nice long signal
closing below probably means we're going lower
left shoulder = support/resistance that is broken twice, meaning BTC was bought back up after closing below the support due to an absent of buyers (bear trap, kind of)
Its common for big players to let sellers finish their ordeal so they can start buying the next candle at a good price
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Trendline break and retest confluence
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