TUESDAY
4-JUN
Price continues to drop and is about to take out LW low.
It will probably also take out the previous week's low since it's too close.
Since the sell LQ is too close, price may have few reasons to rally before taking it out, especially since the upside LQ is far away - above Monday's high.
Price is currently trading around y'days (Y) low and it's important to see how it will react from around these prices.
On LTF, if price rallies to the H4 zone above, shorts could be considered with LW low being the first target.
The H4 zone coincides with the range EQ , which got rejected y'day.