From what I can see, a Wyckoff Distribution Schematic 1 can be applied for LDO's current price action (on 4H TF).
Now prices are retesting the range's high after a failed break-out.
In my opinion, retest would be rejected. In this case, a referenced setup is in chart.
Сделка активна:
On 1H TF, a shooting star is found with good sell volume. It's a bearish sign
Комментарий:
Сделка закрыта: достигнута стоп-лосс цена:
SL hit. This trade was closed.
Комментарий:
The trade was not successful. I think that the entry was prematurely set.
In 4H TF, LDO broke the trendline and was rejected after retesting it.
Moreover, we can see engulfing candles in the same 4H TF.
In 4H TF, LDO broke the trendline and was rejected after retesting it.
Moreover, we can see engulfing candles in the same 4H TF.
