Thought Process:
- Identify rejection at 0.618 Fib as a potential trend reversal signal.
- Map out major liquidity pools where stop-loss clusters are likely.
- Expect market makers to push price into these pools to collect liquidity.
- Plan a long entry immediately after liquidity grab for a possible bounce.
- Watch for bounce to align with right shoulder completion in Head & Shoulders pattern.
- Use neckline as the main resistance and decision point for next move.
- Identify rejection at 0.618 Fib as a potential trend reversal signal.
- Map out major liquidity pools where stop-loss clusters are likely.
- Expect market makers to push price into these pools to collect liquidity.
- Plan a long entry immediately after liquidity grab for a possible bounce.
- Watch for bounce to align with right shoulder completion in Head & Shoulders pattern.
- Use neckline as the main resistance and decision point for next move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.