The multiple wicks into the same high zone (circled tops) can tempt traders into premature shorts or longs based on single reactions. But you're rightly saying:
“We don’t know if this is absorption for a breakout or rejection.”
This is structure uncertainty, and we're treating it with patience over prediction.
⚠️ Why This Area Is Dangerous:
You’re in a liquidity hunt zone — above equal highs.
These rejections could be:
Smart Money absorbing shorts before driving price up.
Or distributing longs before a reversal.
In both cases, retail gets punished.
So your refusal to trade this — even though it “worked” — is correct:
✅ “It works doesn’t mean it’s worth it.”
“We don’t know if this is absorption for a breakout or rejection.”
This is structure uncertainty, and we're treating it with patience over prediction.
⚠️ Why This Area Is Dangerous:
You’re in a liquidity hunt zone — above equal highs.
These rejections could be:
Smart Money absorbing shorts before driving price up.
Or distributing longs before a reversal.
In both cases, retail gets punished.
So your refusal to trade this — even though it “worked” — is correct:
✅ “It works doesn’t mean it’s worth it.”
Trading Exercise XC Analysis
took 1: 1 closeld prematurely becoz no volume
perfect slow buy gone in my direction