Monthly
The price is moving between supply and demand. The price is currently on the way to the supply area. We can definitely expect the price to reject the supply area.
Weekly
Price is currently over extended. When price is over extended we can expect a correction. We could definitely expect the price to reach a little higher before the correction to the down side.
Daily
The price is currently creation higher highs and higher lows. The price is definitely in an up trend. When the price switch to bearish structure we can start looking for entry's.
In general we have to wait for the change of environment to the down side in M,W and D to look for a short opportunity.
Also remember, to have better point of entry we have to look in lower time frames.
The price is moving between supply and demand. The price is currently on the way to the supply area. We can definitely expect the price to reject the supply area.
Weekly
Price is currently over extended. When price is over extended we can expect a correction. We could definitely expect the price to reach a little higher before the correction to the down side.
Daily
The price is currently creation higher highs and higher lows. The price is definitely in an up trend. When the price switch to bearish structure we can start looking for entry's.
In general we have to wait for the change of environment to the down side in M,W and D to look for a short opportunity.
Also remember, to have better point of entry we have to look in lower time frames.
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