Hello
It has been a VERY choppy week so far. Looking at this index for today and most probably into next week.
* B wave in play to form regular or expanding flat
* A wave shows a complete 5 wave CORRECTIVE structure
* VERY strong MACD divergence in 15 minute to 4 HR time frames.
* Liquidity (FVG) at 8110 price level taken.
* unmitigated FVGs at 8291, 8336, 8425
My apologies for the messy chart, I explain better on the chart than in writing in the "publish idea" section.
It has been a VERY choppy week so far. Looking at this index for today and most probably into next week.
* B wave in play to form regular or expanding flat
* A wave shows a complete 5 wave CORRECTIVE structure
* VERY strong MACD divergence in 15 minute to 4 HR time frames.
* Liquidity (FVG) at 8110 price level taken.
* unmitigated FVGs at 8291, 8336, 8425
My apologies for the messy chart, I explain better on the chart than in writing in the "publish idea" section.
Note
TP 1 HIT.Trade closed: target reached
TP 2 HIT
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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.