Possibility of a short move once it has broken the demand level and comes back for a retest. Will only look to take the trade if I can find 3 reasons to take it.
e.g:
1) Demand level turning into support level
2) TL
3) ?Fib level?
There is still a chance of the demand level holding and a bullish rally from where price is currently.
e.g:
1) Demand level turning into support level
2) TL
3) ?Fib level?
There is still a chance of the demand level holding and a bullish rally from where price is currently.