Right now we are a little extended on this move to some higher levels of liquidity. There was a big move that took place on the 29th that left a major imbalance from 44,301 - 44,264. I'm looking two things to happen.
1) Ill wait for a pullback into a 5M FVG in the 44,362 area for some Shorts.
2) I wait us to drop into the 1H FVG which is that major imbalance i spoke of then ill watch to see if price action and volume confirm a bounce or we break thru and continue lower.
1) Ill wait for a pullback into a 5M FVG in the 44,362 area for some Shorts.
2) I wait us to drop into the 1H FVG which is that major imbalance i spoke of then ill watch to see if price action and volume confirm a bounce or we break thru and continue lower.
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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.