ADA (Top Down Mark-ups) Weekly OF is bearish, price is mitig | Capital Markets Wizard® Official

ADA (Top Down Mark-ups)

Weekly OF is bearish, price is mitigating W1 supplies and having proper reactions from it. The last W1 Supply caused a D1 Bearish intent which realigned itself with the HTF OF.

On the Daily the price made a pullback into the D1 OB in which the price is currently trading. Best option is to wait for the H4 (which is Bullish) to make a Bearish intent in this Area to look for a short setup.

It is important that all Time-frames are aligned with each other since the outcome of a a setup then has a higher probability of playing out

Weekly: Bearish
D1: Bearish Intent
H4: Bullish (waiting to make a Bearish intent)

H4: https://www.tradingview.com/x/VQoH5Clr/
D1: https://www.tradingview.com/x/F7cnDbPZ/
Weekly: https://www.tradingview.com/x/1QpXSSnR/