Wed - Good rejection from D FVG and no other resistance.
Good structure formation on the 4H chart. We wait for candle to close above previous candle's body and disrespect the last resistance point. Area of high probability sits above.
Good structure formation on the 4H chart. We wait for candle to close above previous candle's body and disrespect the last resistance point. Area of high probability sits above.
Note
The Daily candle didn't close above the previous high.Note
We formed the second 4H FVG (BAG) and we closed the next candle above the highs, running them and disrespecting the opposing FVG.Next candle swept the high and pushed price into the BAG. The retracement was not expecting because it should have been a BAG. The action becomes low probability. We start a consolidation period.
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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.