VIX75(1S) breakdown analysis October 2024

[@AllanChirevo]

your analysis is on point👏

[@derivexplained]

Hey Domitrons, great analysis by the way. Based on the timeframes you are looking at you are not incorrect with your analysis However at around 13:00 when you mention that there is a 4h OB, highlighting internal structure it hasn't actually confirmed that it's bearish. 1. Daily Structure is bullish, irrespective of reacting from an old area of Supply. How I like to look at it is that old areas of supply or demand the normally act as reaction points to facilitate pullbacks. 2. 4h hours structure aligns with D1 structure, which it it also bullish. More reason that the supply zone you sold from hasn't yet confirmed that price will continuously be bearish. Normally it's good to trade within the current structure, Weekly is range bound, daily is bullish, 4h is bullish, I'd recommend buying until structure switches bearish, because when playing the weekly price legs the only time we would know that the weekly is pushing down is if the daily timeframe structure switches bearish.

[@Domitrons]

@@derivexplained everyone with his or her own bias.

[@derivexplained]

@@Domitrons 💯very true...

[@AllanChirevo]

take monii may bweda