Tue - 7am NY.
Monthly: Expansion candle, clear target low.
Weekly: Expansion candle. We are exiting a consolidation area. We want confirmation that we are running the low and not sweeping it.
Daily: the point of interest is the Previous Candle's Low, because the candle didn't close below the taken low. After the PL there is no resistance before the target.
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Wed - follow up
On the D we closed below the PL. Today is a 3rd candle.
On the 4H we already retraced to a FVG and we first failed to make a new FVG.
Are we going to have 2 BAGs on the daily or are we going to retrace to the first FVG before going to target?
Monthly: Expansion candle, clear target low.
Weekly: Expansion candle. We are exiting a consolidation area. We want confirmation that we are running the low and not sweeping it.
Daily: the point of interest is the Previous Candle's Low, because the candle didn't close below the taken low. After the PL there is no resistance before the target.
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Wed - follow up
On the D we closed below the PL. Today is a 3rd candle.
On the 4H we already retraced to a FVG and we first failed to make a new FVG.
Are we going to have 2 BAGs on the daily or are we going to retrace to the first FVG before going to target?
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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.