US 30 SHORT Bias

2022年5月20日

Price is currently in a downtrend on the HTF i.e D1 and H4 TF. Currently i was watching the Previous LH that formed the LL to c if price would break but then it failed meaning that we still in a downtrend. We had a strongly bearish candle as i marked on the chart showing that the bears are still in charge of the market so i marked the zone where we had a break of the pullback trendline and structure, NOW we are waiting for price to pullback and show signs that its respecting tht marked zone and the if we see a depletion in bullish momentum we enter looking for sells and to manage risk our stop will be just above structure as shown on the chart .AS FOR NOW WE WAIT!!!!!! WE are looking for tht on the depletion candle on the 1HR TF beacause we could possibly be in range gathering liquidity fo the upside.PATIENCE NOW!!