Considering the confluence of resistance at these levels, shorting seems to offer a great R/R.
1. Signs of weakness are present in LTF: Bear divergences in 3H, 2H, 1H/ Triple tap into resistance in 15Min/30Min.
2. The liquidation map shows heavy longs at these levels, so a lot of liquidity lies at FVGs down below at critical support zones, which line up with the golden pocket.
Red: of weekly significance
Blue: of daily significance
1. Signs of weakness are present in LTF: Bear divergences in 3H, 2H, 1H/ Triple tap into resistance in 15Min/30Min.
2. The liquidation map shows heavy longs at these levels, so a lot of liquidity lies at FVGs down below at critical support zones, which line up with the golden pocket.
Red: of weekly significance
Blue: of daily significance