Here in my personal Opinion I can see a few potential reasons to buy with high confidence.
Firstly- Weekly timeframe is showing a Bullish movement with us closing last week with a strong volume candle.
Secondly- On the Daily time frame we can see this is a high possibility of a 5th leg of elliots wave to finish this Bullish run.
Thirdly- The Daily has pushed out of the 71% level from the first demand zone. Following this on the 4H Time frame we can notice this previous push has also giving a strong Liqudity Grab into the new 71% level telling me Buyers are still highly in control.
I will be looking to trade into Buy side Liquidity after this Volume gap has been filled
Follow along for more updates
Firstly- Weekly timeframe is showing a Bullish movement with us closing last week with a strong volume candle.
Secondly- On the Daily time frame we can see this is a high possibility of a 5th leg of elliots wave to finish this Bullish run.
Thirdly- The Daily has pushed out of the 71% level from the first demand zone. Following this on the 4H Time frame we can notice this previous push has also giving a strong Liqudity Grab into the new 71% level telling me Buyers are still highly in control.
I will be looking to trade into Buy side Liquidity after this Volume gap has been filled
Follow along for more updates
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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.