📈CHART ANALYSIS📉 Good day everybody! 🐱💻 This setup will be explained in details.
First of all, at the end of March we witnessed a huge rally that indicated strong support level there. Second one in the August, price formed at QM pattern where hinting for price may retrace for next rally in order to respect the strong support isn't it? Unfortunately if faked us all out with supply structure as it Drop Base Drop. Which is now formed a Failed QM Buy or manipulated QM patttern (QML) 🥲
But no worries, now we got a very clear direction where latest strong support are now flipped position into resistance level. QML pattern just confirmed it for next strong resistance in the future.
Where exact next shorting point? Take a look at candlestick pattern of March & April support, it contained Initial Break or Harami pattern, else it also swap/reversal pattern in Supply & Demand, the Drop Base Rally. So we marked that little Base candlestick.
What a confluence! it aligned pretty much with our QML. Take hassle no more, we going short bois! 🙌
Entry 📉 SHORT 📉 Entry : 1.17000 ~ 1.17300 SL : 1.17600 TP : Somewhere at RBR level at 1.14000
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