Rejection on resistance on mayor timeframe. Continuation of overall downtrend
Possible rejection on mayor resistance to continue overall downtrend
Multiples rechazos en resistencia de timeframe 1H, buscamos cotinuacion de trend hacia la ultima zona rota.
triple rejection on critical zone might indicate liquidity point for the last broken zone. We expect rejection candles to indicate the shift in market volume to the downside
Multiple rejections on higher timeframe zone indicates change of trend or lack of volume to continue zone break. We move to smaller timeframes to confirm quantity of candles rejecting the zone and the types of candle rejecting. We expect and overall movement and scalp between minor zones.
3 possible scenarios for a rejection in a minor zone to continue overall uptrend.