- Price has reacted off a monthly sellers area and has been grinding down slowly.
- The sellers have been maintaining market structure as there has been no higher high by the buyers.
- The sellers have been making progress by making lower lows
- Price has reacted of a H1 sellers area
- We are trading based on the buyers’ continued inability to make a higher high
- We waited for a 2nd attempt of buyers to see if they can push and make a higher high
- When this 2nd attempt too failed; instead sellers made a lower high, this confirmed to us that the sellers are firmly in control, hence we can join them to trade down to the daily lows
- In some cases, profit targets may be extended to the weekly lows