2 scenarios.
Long: If price breaks weekly SZ, there is an area of demand right under the distal end of the WK zone where stops are sitting. This is an excellent opportunity for a counter trend long.
Short: If price rallies up from current position there is a DBD 4h SZ sitting just before the daily SZ. If it fails, then look for shorts higher up inside the daily supply, in this case the range will continue until the market decides what it will do.
Long: If price breaks weekly SZ, there is an area of demand right under the distal end of the WK zone where stops are sitting. This is an excellent opportunity for a counter trend long.
Short: If price rallies up from current position there is a DBD 4h SZ sitting just before the daily SZ. If it fails, then look for shorts higher up inside the daily supply, in this case the range will continue until the market decides what it will do.
Yorum:
First line should read, if price breaks weekly DZ (demand zone), not SZ (supply zone).