7-30-24 - HTF View
The monthly shows respect for a fvg into new highs. This is bullish, however today is the close of the month and the bar is unlikely to extend. Even if it does, it may need a reversal and has already done everything needed on the day time frame to show a reversal, namely a HH & iFVG with a GAP.
The Weekly has invalidated a gap and has bounced off a lower gap. For now, the bias on the weekly remains bullish
On the daily, we've tested from the -FVG and have not invalidated it. So, if we take any DTF liquidity, we can expect to push back into the gap (we've taken yesterdays low) and then we'll see if the gap will hold us down or not.
The Weekly has invalidated a gap and has bounced off a lower gap. For now, the bias on the weekly remains bullish
On the daily, we've tested from the -FVG and have not invalidated it. So, if we take any DTF liquidity, we can expect to push back into the gap (we've taken yesterdays low) and then we'll see if the gap will hold us down or not.
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