Hello Traders! The last supply zone did not work out. There was also no entry confirmation for this zone. We are now waiting for the next supply zone. From there i expect a big drop. Wait for price action to confirm an entry. Thanks for reading, stibo After a break of a minor structure, we see a retest of the structure, and a divergence formation on a H1 TF, and also we see an descending channel formationWhen price is going parabolic, not consolidating before another move to the upside, we are usually dealing with some ugly ABC correction, which doesn´t change the macro trend or these parabolic moves are also very often part of wave C of ABC expanded flat. Purple zone is the target of that ABC exp. flat, then I will be looking for reversal signs and I will enter SHORT.