Price its in a very particular place in this moment.
Upside we have some 4H / 8H FVG calling price up. We can go there, fill these inefficiencies and then keep falling (I maintain my Bearish Bias).
BUT there is a lot of Negative Delta and you can check my previous analysis regarding my Bearish perspective for the short / medium time ahead.
Two possibilities:
1) We formed a Falling Wedge and price could go higher to fill one or both FVG.
2) Behind that "Falling Wedge" the real pattern is a Descending Triangle and we will break to the downside.
For me, its more probable the second option. A lot of Negative Delta and other important Confluences make me thing that my Bearish Plan can happen in the days ahead.
Be cautious. Im not in FOMO mode and I think its better for you to not be in FOMO mode neither.
Take care.
Upside we have some 4H / 8H FVG calling price up. We can go there, fill these inefficiencies and then keep falling (I maintain my Bearish Bias).
BUT there is a lot of Negative Delta and you can check my previous analysis regarding my Bearish perspective for the short / medium time ahead.
Two possibilities:
1) We formed a Falling Wedge and price could go higher to fill one or both FVG.
2) Behind that "Falling Wedge" the real pattern is a Descending Triangle and we will break to the downside.
For me, its more probable the second option. A lot of Negative Delta and other important Confluences make me thing that my Bearish Plan can happen in the days ahead.
Be cautious. Im not in FOMO mode and I think its better for you to not be in FOMO mode neither.
Take care.